Summary of Original Version

Create a new section of KRS 341 to implement a reporting requirement regarding the unemployment trust fund and wages subject to tax; amend KRS 341.030 to suspend any increase in the taxable wage base and utilize the taxable wage base in effect for the 2020 year; amend KRS 341.270 to indicate that employer contribution rates in 2021 and 2022 shall be determined using the rates listed in Schedule A of Table A; amend KRS 341.530 to provide that benefits related to a state of emergency or disaster declaration shall be paid from the pooled account and not the reserve account of the employer; amend KRS 341.614 to provide there will be no surcharge assessment for 2021 or 2022; create the Unemployment Insurance Reform Task Force and establish membership and set forth duties; apply Sections 1 to 4 retroactively; EMERGENCY.

Statutes affected:
Introduced: 341.030, 341.270, 341.530, 341.614
Acts Chapter 177: 341.030, 341.270, 341.530, 341.614
Current: 341.030, 341.270, 341.530, 341.614