Bill Text: NY A02982 | 2023-2024 | General Assembly | Introduced

New York Assembly Bill 2982

Introduced

Bill Title: Suspends employer contributions to the interest assessment surcharge fund until December 31, 2025.

Spectrum: Partisan Bill (Republican 21-0)

Status: (Introduced) 2024-01-03 - referred to labor [A02982 Detail]

Download: New_York-2023-A02982-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          2982

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    February 1, 2023
                                       ___________

        Introduced by M. of A. RA, SIMPSON, MANKTELOW, DeSTEFANO, JENSEN, GALLA-
          HAN,  HAWLEY,  BARCLAY,  DURSO, TANNOUSIS, MIKULIN, MORINELLO, BYRNES,
          TAGUE, NORRIS, ANGELINO, LEMONDES, GOODELL, J. A. GIGLIO -- read  once
          and referred to the Committee on Labor

        AN  ACT  to  amend  the  labor  law,  in relation to suspending employer
          contributions to the interest assessment  surcharge  fund;  making  an
          appropriation  to  pay interest due on advances from the federal unem-
          ployment account; and providing for the repeal of such provisions upon
          the expiration thereof

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  Section 581-d of the labor law is amended by adding a new
     2  subdivision 3 to read as follows:
     3    3. The provisions contained in this section shall be  suspended  until
     4  December thirty-first, two thousand twenty-five.
     5    §  2. The sum of five hundred million dollars ($500,000,000) is hereby
     6  appropriated from the Economic Uncertainties Fund  for  the  purpose  of
     7  paying  interest  due  on advances from the federal unemployment account
     8  under Title XII of the Social Security Act (42 U.S. Code  Sections  1321
     9  to 1324) during any period that such interest will accrue.
    10    §  3.  This act shall take effect immediately; provided, however, that
    11  this act shall expire and be deemed repealed on and after  December  31,
    12  2025.



         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07388-01-3