Assembly Bill A7211

2021-2022 Legislative Session

Suspends employer contributions to the interest assessment surcharge fund; appropriation

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2021-A7211 (ACTIVE) - Details

See Senate Version of this Bill:
S6538
Current Committee:
Assembly Labor
Law Section:
Labor Law
Laws Affected:
Amd §581-d, Lab L
Versions Introduced in 2023-2024 Legislative Session:
A2982

2021-A7211 (ACTIVE) - Summary

Suspends employer contributions to the interest assessment surcharge fund until December 31, 2023.

2021-A7211 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7211
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              April 29, 2021
                                ___________
 
 Introduced  by M. of A. RA -- read once and referred to the Committee on
   Labor
 
 AN ACT to amend the  labor  law,  in  relation  to  suspending  employer
   contributions  to  the  interest  assessment surcharge fund; making an
   appropriation to pay interest due on advances from the  federal  unem-
   ployment account; and providing for the repeal of such provisions upon
   the expiration thereof
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 581-d of the labor law is amended by adding  a  new
 subdivision 3 to read as follows:
   3.  THE  PROVISIONS CONTAINED IN THIS SECTION SHALL BE SUSPENDED UNTIL
 DECEMBER THIRTY-FIRST, TWO THOUSAND TWENTY-THREE.
   § 2. The sum of five hundred million dollars ($500,000,000) is  hereby
 appropriated  from  the  Economic  Uncertainties Fund for the purpose of
 paying interest due on advances from the  federal  unemployment  account
 under  Title  XII of the Social Security Act (42 U.S. Code Sections 1321
 to 1324) during any period that such interest will accrue.
   § 3. This act shall take effect immediately; provided,  however,  that
 this  act  shall expire and be deemed repealed on and after December 31,
 2023.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11022-01-1

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