Bill
Bill > A2440
NJ A2440
NJ A2440Allocates $2.5 billion to unemployment compensation fund from federal government assistance and halts increases in employer unemployment taxes related to benefits paid during coronavirus disease 2019 pandemic state of emergency.
summary
Introduced
02/14/2022
02/14/2022
In Committee
02/14/2022
02/14/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Allocates $2.5 billion to unemployment compensation fund from federal government assistance and halts increases in employer unemployment taxes related to benefits paid during coronavirus disease 2019 pandemic state of emergency.
AI Summary
This bill allocates $2.5 billion from federal government assistance to New Jersey's unemployment compensation fund. It also halts increases in employer unemployment taxes related to benefits paid during the COVID-19 pandemic state of emergency. Specifically, the bill uses the federal funds to pay back outstanding federal unemployment insurance loan advances and increase the unemployment fund balance, in order to avoid increases in employer contribution rates for fiscal years 2022-2024.
Committee Categories
Labor and Employment
Sponsors (7)
Nancy Muñoz (R)*,
Harold Wirths (R)*,
Robert Clifton (R),
Antwan McClellan (R),
Erik Simonsen (R),
Parker Space (R),
Brandon Umba (R),
Last Action
Introduced, Referred to Assembly Labor Committee (on 02/14/2022)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/A2440 |
| BillText | https://www.njleg.state.nj.us/Bills/2022/A2500/2440_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/A2500/2440_I1.PDF |
Loading...