LRB-2881/1
MED:wlj
2021 - 2022 LEGISLATURE
April 5, 2021 - Introduced by Senators Marklein, Bernier, Stroebel, Felzkowski,
Jacque and Stafsholt, cosponsored by Representatives Petryk,
Brooks,
Armstrong, Born, Cabral-Guevara, Callahan, Dittrich, Duchow, Edming,
Gundrum, James, Katsma, Krug, Loudenbeck, Moses, Murphy, Mursau,
Oldenburg, Plumer, Rozar, Snyder, Swearingen, Tranel, Tusler, Vorpagel,
Wittke and Zimmerman. Referred to Joint Committee on Finance.
SB276,1,1
1An Act relating to: deposits into the unemployment reserve fund.
Analysis by the Legislative Reference Bureau
EMPLOYMENT
Deposits into unemployment reserve fund
Current law provides four schedules of unemployment insurance contribution
(tax) rates, with Schedule D containing the lowest rates and Schedule A containing
the highest. Which schedule is in effect for a given calendar year depends on the cash
balance of the state's unemployment reserve fund as of the preceding June 30.
Schedule D, which is in effect in calendar year 2021, is otherwise in effect for any
calendar year whenever, as of the preceding June 30, the state's unemployment
reserve fund has a cash balance of at least $1,200,000,000. If the state's
unemployment reserve fund has a cash balance of less than $1,200,000,000, then one
of the three other schedules applies, depending on the fund's cash balance.
This bill requires the governor to allocate federal moneys provided to this state,
including moneys provided under the federal American Rescue Plan Act of 2021, for
one or more deposits into the state unemployment reserve fund, to the extent that
the deposits are needed to keep Schedule D of the unemployment insurance
contribution (tax) rates in effect through the end of calendar year 2023.
For further information see the state and local fiscal estimate, which will be
printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
SB276,9150
1Section 9150.
Nonstatutory provisions; Workforce Development.
SB276,2,22
(1)
Deposits into unemployment reserve fund.
SB276,2,43
(a)
Definition. In this subsection, “fund” has the meaning given in s. 108.02
4(16).
SB276,2,105
(b)
Deposits into fund. The governor shall, to the extent permitted under
6federal law, allocate moneys the governor accepts from the federal government under
7s. 16.54, including moneys accepted pursuant to section 602 of the federal Social
8Security Act as amended by the federal American Rescue Plan Act of 2021, P.L.
9117-2, for one or more deposits into the fund as are needed to ensure that Schedule
10D under s. 108.18 (4) remains in effect through the end of calendar year 2023.
