HB1313 - EMPLOYMENT SECURTIY - O'Neill, Matt
HB1313 ALLOWS FOR WITHHOLDING OF FEDERAL INCOME TAX FROM UNEMPLOYMENT COMPENSATION.
Sponsor: O'Neill, Matt (66) Effective Date: 00/00/00
CoSponsor: LR Number: 3118-01
Last Action: COMMITTEE: SENATE LABOR AND INDUSTRIAL RELATIONS
03/19/96 - Public Hearing Held (S)
HB1313
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
ACTIONS HEARINGS CALENDAR
BILL SUMMARIES BILL TEXT FISCAL NOTES
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Available Bill Summaries for HB1313
| Perfected | Committee | Introduced |

Available Bill Text for HB1313
| Perfected | Committee | Introduced |

Available Fiscal Notes for HB1313

BILL SUMMARIES

PERFECTED

HB 1313 -- EMPLOYMENT SECURITY (O'Neill)

In order to comply with a federal mandate, this bill requires
the Division of Employment Security to withhold federal, state,
and local income taxes on employment security compensation, upon
the election of the claimant.  The division must advise each
claimant that unemployment compensation is subject to income
tax, and that claimants are required to make periodic estimated
tax payments if tax is not withheld.

FISCAL NOTE:  Estimated Net Cost to Federal Administrative Fund
of $72,500 in FY 97, $0 in FY 98, and FY 99.


COMMITTEE

HB 1313 -- EMPLOYMENT SECURITY

SPONSOR:  O'Neill

COMMITTEE ACTION:  Voted "do pass" by the Committee on Workers'
Compensation & Unemployment Security by a vote of 12 to 0.

In order to comply with a federal mandate, this bill requires
the Division of Employment Security to withhold federal, state,
and local income taxes on employment security compensation, upon
the election of the claimant.  The division must advise each
claimant that unemployment compensation is subject to income
tax, and that claimants are required to make periodic estimated
tax payments if tax is not withheld.

FISCAL NOTE:  No impact on state funds.

PROPONENTS:  Supporters say that this bill is federally
mandated, with the cost of the required equipment to be covered
by federal grants.

Testifying for the bill were Representative O'Neill; and the
Division of Employment Security.

OPPONENTS:  There was no opposition voiced to the committee.

Richard Smreker, Research Analyst


INTRODUCED

HB 1313 -- Employment Security

Sponsor:  O'Neill

In order to comply with a federal mandate, this bill requires
the Division of Employment Security to withhold federal, state,
and local income taxes on employment security compensation, upon
the election of the claimant.  The division must advise each
claimant that unemployment compensation is subject to income
tax, and that claimants are required to make periodic estimated
tax payments if tax is not withheld.


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Last Updated October 30, 1996 at 10:55 am