House Journal: Page 1051: Wednesday, April 9, 2003
21 a. An employer other than a governmental entity or
22 a nonprofit organization, subject to this chapter,
23 shall pay an administrative contribution surcharge
24 equal in amount to one-tenth of one percent of federal
25 taxable wages, as defined in section 96.19, subsection
26 37, paragraph "b", subject to the surcharge formula to
27 be developed by the department under this paragraph.
28 The department shall develop a surcharge formula that
29 provides a target revenue level of no greater than six
30 million five hundred twenty-five thousand dollars
31 annually. The department shall reduce the
32 administrative contribution surcharge established for
33 any calendar year proportionate to any federal
34 government funding that provides an increased
35 allocation of moneys for workforce development
36 offices, under the federal employment services
37 financing reform legislation. Any administrative
38 contribution surcharge revenue that is collected in
39 any calendar year 2002 in excess of six million five
40 hundred twenty-five thousand dollars shall be deducted
41 from the amount to be collected in the subsequent
42 calendar year 2003 before the department establishes
43 the administrative contribution surcharge. The
44 department shall recompute the amount as a percentage
45 of taxable wages, as defined in section 96.19,
46 subsection 37, and shall add the percentage surcharge
47 to the employer's contribution rate determined under
48 this section. The percentage surcharge shall be
49 capped at a maximum of seven dollars per employee.
50 The department shall adopt rules prescribing the
Page 3
1 manner in which the surcharge will be collected.
2 Interest shall accrue on all unpaid surcharges under
3 this subsection at the same rate as on regular
4 contributions and shall be collectible in the same
5 manner. Interest accrued and collected under this
6 paragraph and interest earned and credited to the fund
7 under paragraph "b" shall be used by the department
8 only for the purposes set forth in paragraph "c".
9 Sec. 502. Section 96.7, subsection 12, paragraph
10 d, Code 2003, is amended to read as follows:
11 d. This subsection is repealed July 1, 2003 2008,
12 and the repeal is applicable to contribution rates for
13 calendar year 2004 2009 and subsequent calendar
14 years."
15 4. Page 12, by inserting after line 25 the
16 following:
17 "Sec. . Section 96.9, Code 2003, is amended by
18 adding the following new subsection:
19 NEW SUBSECTION. 8. UNEMPLOYMENT COMPENSATION
© 2003 Cornell College and
League of Women Voters of Iowa
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