HB 533 -- Transfer of Employer Accounts

Sponsor:  Faith

This bill requires that the unemployment experience rate transfer
with a business if both employers involved in the transfer have
substantially common ownership, management, or control of the
business and the transfer was made to lower the rating.  The rate
and liabilities of both employers will be recalculated.  The rate
does not transfer with the business if the employer acquiring the
business is not an employer in the state at the time of the
acquisition.

If an employer knowingly violates, attempts to violate, or
knowingly advises another in a manner that results in a violation
of the provisions relating to the determination of an
unemployment experience rate, the employer's rate will be the
greater of the maximum rate or the employer's rate plus 2% for
the current year and the following three rate years.

Out-of-state employers will be subject to a civil penalty of up
to $5,000 that will be deposited into the Special Employment
Security Fund.  Additionally, a person violating any provision
relating to the unemployment experience rating is guilty of a
class A misdemeanor for the first offense and a class D felony
for any subsequent offense.

The bill has an effective date of January 1, 2006.

Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:19 pm