Senate Bill 2118

    Florida Senate - 2000                                  SB 2118

    By Senator Diaz de la Portilla





    34-1335-00

  1                      A bill to be entitled

  2         An act relating to unemployment compensation;

  3         amending s. 1, ch. 99-131, Laws of Florida;

  4         directing the Division of Unemployment

  5         Compensation of the Department of Labor and

  6         Employment Security to reduce employers' tax

  7         rates for the year 2001; providing exceptions;

  8         providing a reduced initial tax rate for

  9         certain employers for the year 2001; providing

10         an effective date.

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12  Be It Enacted by the Legislature of the State of Florida:

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14         Section 1.  Section 1 of chapter 99-131, Laws of

15  Florida, is amended to read:

16         Section 1.  Notwithstanding section 443.131(3), Florida

17  Statutes, for the 2001 2000 calendar year or any quarter

18  thereof, the division shall subtract 0.5 percent from each

19  employer's assigned tax rate, except for those employers who

20  are assigned the initial rate or who have been assigned a

21  contribution rate of 5.4 percent or higher for more than 36

22  months. Notwithstanding section 443.131(2), Florida Statutes,

23  for the 2001 2000 calendar year, each employer whose

24  employment record has been chargeable with benefit payments

25  for less than eight calendar quarters shall pay contributions

26  at the initial rate of 2 percent.

27         Section 2.  This act shall take effect July 1, 2000.

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CODING: Words stricken are deletions; words underlined are additions.






    Florida Senate - 2000                                  SB 2118
    34-1335-00




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  2                          SENATE SUMMARY

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      Directs the Division of Unemployment Compensation of the
  4    Department of Labor and Employment Security to subtract
      0.5 percent from employers' unemployment compensation tax
  5    rates for the year 2001, with certain exceptions.
      Provides a reduced initial tax rate of 2 percent for
  6    certain employers for the year 2001.

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