Text: HSB00053 Text: HSB00055 Text: HSB00000 - HSB00099 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 96.7, subsection 2, paragraph b, 1 2 unnumbered paragraph 1, Code 1999, is amended to read as 1 3 follows: 1 4 If an enterprise or business, or a clearly segregable and 1 5 identifiable part of an enterprise or business, for which 1 6 contributions have been paid is sold or transferred to a 1 7 subsequent employing unit, or if one or more employing units 1 8 have been reorganized or merged into a single employing unit, 1 9 and the successor employer, having qualified as an employer as 1 10 defined in section 96.19, subsection 16, paragraph "b", 1 11 continues to operate the enterprise or business, the successor 1 12 employer shall assume the position of the predecessor employer 1 13 or employers with respect to the predecessors' payrolls, 1 14 contributions, accounts, and contribution rates to the same 1 15 extent as if no change had taken place in the ownership or 1 16 control of the enterprise or business. However, the successor 1 17 employer shall not assume the position of the predecessor 1 18 employer or employers with respect to the predecessor 1 19 employer's or employers' payrolls, contributions, accounts, 1 20 and contribution rates which are attributable to that part of 1 21 the enterprise or business transferred, unless the successor 1 22 employer applies to the department withinsixtyninety days 1 23 from the date of the partial transfer, and the succession is 1 24 approved by the predecessor employer or employers and the 1 25 department. 1 26 Sec. 2. UNEMPLOYMENT COMPENSATION PROGRAM – FEDERAL 1 27 SOCIAL SECURITY ACT FUND CREDITS. Notwithstanding the 1 28 provisions of section 96.9, subsection 4, to the contrary, 1 29 moneys credited to the account of this state in the 1 30 unemployment trust fund by the secretary of the treasury of 1 31 the United States pursuant to section 903 of the Social 1 32 Security Act for the federal fiscal years beginning October 1, 1 33 1999, October 1, 2000, and October 1, 2001, shall be used 1 34 solely for the administration of the unemployment compensation 1 35 program. Expenditure of the moneys credited during the 2 1 applicable federal fiscal years shall not be subject to any 2 2 provision of law requiring a specific appropriation of that 2 3 money for the purpose permitted. 2 4 EXPLANATION 2 5 This bill concerns the operation of the unemployment 2 6 compensation program. 2 7 Section 1 of the bill amends Code section 96.7, subsection 2 8 2, to extend the length of time from 60 to 90 days for a 2 9 successor employer that purchases part of a business to apply 2 10 for a partial transfer of experience from the predecessor 2 11 employer. This transfer of experience impacts the 2 12 contribution rate assessed to the successor employer. 2 13 Section 2 provides that, for the federal fiscal years 2 14 beginning in 1999, 2000, and 2001, moneys credited to the 2 15 unemployment trust fund account by the secretary of the 2 16 treasury pursuant to section 903 of the federal Social 2 17 Security Act shall be used solely for the administration of 2 18 the unemployment compensation program in this state and can be 2 19 used without a specific appropriation for that purpose. The 2 20 section notwithstands any contrary provision in Code section 2 21 96.9, subsection 4, which otherwise governs the use and 2 22 expenditure of these federal Social Security Act moneys. This 2 23 section conforms to the requirements of the federal Balanced 2 24 Budget Act of 1997 which deals with these fund transfers. 2 25 LSB 1232DP 78 2 26 ec/jw/5
Text: HSB00053 Text: HSB00055 Text: HSB00000 - HSB00099 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
© 1999 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Thu Feb 4 03:31:22 CST 1999
URL: /DOCS/GA/78GA/Legislation/HSB/00000/HSB00054/990202.html
jhf