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Bill > SB605
GA SB605
Employment Security; certain nonprofit organizations have the option of making installment payments to finance unemployment benefits paid to its employees for certain time periods during the COVID-19 public health emergency; provide
summary
Introduced
03/04/2022
03/04/2022
In Committee
03/25/2022
03/25/2022
Crossed Over
03/15/2022
03/15/2022
Passed
04/07/2022
04/07/2022
Dead
Signed/Enacted/Adopted
05/09/2022
05/09/2022
Introduced Session
2021-2022 Regular Session
Bill Summary
AN ACT To amend Article 5 of Chapter 8 of Title 34 of the Official Code of Georgia Annotated, relating to contributions and payments in lieu of contributions relative to employment security, so as to provide for certain nonprofit organizations to have the option of making installment payments to finance unemployment benefits paid to its employees for certain time periods during the COVID-19 public health emergency; to provide for automatic repeal; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.
AI Summary
This bill allows certain nonprofit organizations in Georgia that owe more than $360,000 for unemployment benefits paid to their employees during the COVID-19 public health emergency to make installment payments over a 36-month period without penalty or interest, provided that the organization had unemployment insurance coverage during that time but the insurance carrier denied coverage for COVID-19-related claims. This provision is set to automatically repeal on December 31, 2026.
Committee Categories
Business and Industry, Labor and Employment
Sponsors (2)
Last Action
Effective Date 2022-07-01 (on 05/09/2022)
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