House File 2103 - Introduced HOUSE FILE 2103 BY COMMITTEE ON LABOR (SUCCESSOR TO HF 2013) A BILL FOR An Act reducing the time period during which new employers 1 are subject to the new employer contribution rate for 2 unemployment insurance and including effective date 3 provisions. 4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 5 TLSB 5346HV (1) 84 je/rj

H.F. 2103 Section 1. Section 96.7, subsection 2, paragraph c, 1 subparagraphs (1) and (2), Code 2011, are amended to read as 2 follows: 3 (1) A nonconstruction contributory employer newly subject 4 to this chapter shall pay contributions at the rate specified 5 in the twelfth benefit ratio rank but not less than one percent 6 until the end of the calendar year in which the employer’s 7 account has been chargeable with benefits for twelve four 8 consecutive calendar quarters immediately preceding the 9 computation date. 10 (2) A construction contributory employer, as defined under 11 rules adopted by the department, which is newly subject to this 12 chapter shall pay contributions at the rate specified in the 13 twenty-first benefit ratio rank until the end of the calendar 14 year in which the employer’s account has been chargeable 15 with benefits for twelve four consecutive calendar quarters 16 immediately preceding the computation date . 17 Sec. 2. EFFECTIVE DATE. This Act takes effect July 1, 2012. 18 EXPLANATION 19 This bill reduces the time period during which construction 20 and nonconstruction employers are subject to the contribution 21 rate for new employers for unemployment insurance from three 22 years to four calendar quarters. 23 The bill takes effect July 1, 2012. 24 -1- LSB 5346HV (1) 84 je/rj 1/ 1