Text: HF00590 Text: HF00592 Text: HF00500 - HF00599 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 96.7, subsection 12, paragraph a, Code 1 2 2003, is amended to read as follows: 1 3 a. An employer other than a governmental entity or a 1 4 nonprofit organization, subject to this chapter, shall pay an 1 5 administrative contribution surcharge equal in amount to one- 1 6 tenth of one percent of federal taxable wages, as defined in 1 7 section 96.19, subsection 37, paragraph "b", subject to the 1 8 surcharge formula to be developed by the department under this 1 9 paragraph. The department shall develop a surcharge formula 1 10 that provides a target revenue level of no greater than six 1 11 million five hundred twenty-five thousand dollars annually. 1 12 The department shall reduce the administrative contribution 1 13 surcharge established for any calendar year proportionate to 1 14 any federal government funding that provides an increased 1 15 allocation of moneys for workforce development offices, under 1 16 the federal employment services financing reform legislation. 1 17 Any administrative contribution surcharge revenue that is 1 18 collected in any calendar year2002in excess of six million 1 19 five hundred twenty-five thousand dollars shall be deducted 1 20 from the amount to be collected in the subsequent calendar 1 21 year2003before the department establishes the administrative 1 22 contribution surcharge. The department shall recompute the 1 23 amount as a percentage of taxable wages, as defined in section 1 24 96.19, subsection 37, and shall add the percentage surcharge 1 25 to the employer's contribution rate determined under this 1 26 section. The percentage surcharge shall be capped at a 1 27 maximum of seven dollars per employee. The department shall 1 28 adopt rules prescribing the manner in which the surcharge will 1 29 be collected. Interest shall accrue on all unpaid surcharges 1 30 under this subsection at the same rate as on regular 1 31 contributions and shall be collectible in the same manner. 1 32 Interest accrued and collected under this paragraph and 1 33 interest earned and credited to the fund under paragraph "b" 1 34 shall be used by the department only for the purposes set 1 35 forth in paragraph "c". 2 1 Sec. 2. Section 96.7, subsection 12, paragraph d, Code 2 2 2003, is amended to read as follows: 2 3 d. This subsection is repealed July 1,20032008, and the 2 4 repeal is applicable to contribution rates for calendar year 2 520042009 and subsequent calendar years. 2 6 Sec. 3. 2001 Iowa Acts, First Extraordinary Session, 2 7 chapter 2, section 2, unnumbered paragraph 4, is amended to 2 8 read as follows: 2 9 The department shall submit a report of its annual 2 10 departmental offices review to the governor and general 2 11 assembly by December 21, 2001, by December 21, 2002, and by 2 12 December 21, 2003of each subsequent calendar year through 2 13 December 21, 2008. 2 14 Sec. 4. EFFECTIVE DATE. This Act, being deemed of 2 15 immediate importance, takes effect upon enactment. 2 16 EXPLANATION 2 17 This bill extends the repeal of the employment security 2 18 administrative contribution surcharge from July 1, 2003, to 2 19 July 1, 2008. In addition, the bill extends the requirement 2 20 to submit an annual review of rural and satellite departmental 2 21 offices through 2008. 2 22 The bill takes effect upon enactment. 2 23 LSB 1236HV 80 2 24 ec/sh/8
Text: HF00590 Text: HF00592 Text: HF00500 - HF00599 Text: HF Index Bills and Amendments: General Index Bill History: General Index
© 2003 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: Sat Jan 24 03:30:21 CST 2004
URL: /DOCS/GA/80GA/Legislation/HF/00500/HF00591/030317.html
jhf