summary
Introduced
03/22/2021
03/22/2021
In Committee
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Similar Bills
AI Summary
This bill provides for a program to improve the Unemployment Insurance Trust Fund and provide relief to employers in the Commonwealth. The key provisions are:
- Authorizes the issuance of up to $7 billion in special obligation bonds to reduce the need for or repay federal advances to the Unemployment Insurance Trust Fund from 2020-2025. These bonds would be repaid through an unemployment obligation assessment on employers.
- Establishes a COVID-19 Emergency Paid Sick Leave program, funded by federal COVID-19 relief funds, that requires employers to provide up to 40 hours of paid sick leave to employees for certain COVID-19-related reasons. Employers can apply for reimbursement from the state for these paid leave costs.
- Allows employers to pay a reduced unemployment insurance experience rate in 2021-2022 to provide relief.
- Provides temporary tax relief by exempting a portion of unemployment compensation benefits from state personal income taxes for tax years 2020-2021 for lower-income taxpayers.
The bill also establishes a special commission to study the long-term solvency of the Unemployment Insurance Trust Fund and make recommendations.
Sponsors (1)
Last Action
Text of an amendment, see H90 (on 03/22/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://malegislature.gov/Bills/192/H95 |
Bill | https://malegislature.gov/Bills/192/H95.pdf |
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