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A5392Assembly2017-2018 Session

Raise Unemployment Tax Threshold

Official title

“Increases the threshold for liability for contributions for unemployment insurance from $300 per calendar quarter to $2000 per calendar quarter”

Sponsor David WeprinAD-24Affects Economy
Status
In Assembly Committee
Labor
Impact
5/10
Moderate
Passage
0%

Bill progress

Step 2 of 7

In committee · Labor

What's happening

This bill raises the minimum employer payment threshold for unemployment insurance liability to $2,000 per calendar quarter.

Why it matters

  1. Raises the threshold for when employers must pay into unemployment insurance. , meaning only those with a payroll of $2,000 or more per quarter are now liable—this could reduce regulatory or financial burdens on very small businesses or household employers.

  2. May reduce the number of very small employers required to participate in the unemployment insurance system. , potentially freeing up resources for microbusinesses but also excluding some workers from unemployment coverage if their employer falls below the new threshold.

  3. Eliminates special, lower thresholds previously applied to domestic workers in private homes. , standardizing the rule for all types of employment and possibly impacting nannies, home health aides, or other household staff.

  4. Could affect state unemployment insurance fund dynamics. by slightly narrowing the base of contributors, which might have longer-term implications for how the system is funded and who is protected.

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Who cares

Headline styles

Raise Unemployment Tax Threshold

Plain English, a few words. Used as the page title.

Sponsors

Primary sponsor
David Weprin

Assembly Member · Assembly District 24

Chair, Insurance

History

  1. Referred to labor
  2. Referred to labor

Full text

1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗

STATE OF NEW YORK

5392

2017-2018 Regular Sessions

IN ASSEMBLY

February 8, 2017

Introduced by M. of A. WEPRIN -- Multi-Sponsored by -- M. of A. CROUCH, GOODELL -- read once and referred to the Committee on Labor

AN ACT to amend the labor law, in relation to the terms of coverage for unemployment insurance

The People of the State of New York, represented in Senate and Assembly, do enact as follows:

Section 1. The opening paragraph of subdivision 1 of section 560 of the labor law, as amended by chapter 103 of the laws of 1965, is amended to read as follows:

Any employer shall become liable for contributions under this article if he or she has paid remuneration of [three hundred dollars or more in any calendar quarter, except that liability with respect to persons employed in personal or domestic service in private homes shall be considered separately and an employer shall become liable for contributions with respect to such persons only if he has paid to them remuneration in cash of five hundred] two thousand dollars or more in any calendar quarter. Such liability for contributions shall commence on the first day of such calendar quarter.

§ 2. This act shall take effect immediately.

EXPLANATION--Matter in italics (underscored) is new; matter in brackets

[ ] is old law to be omitted.

LBD09492-01-7

Reflowed for reading: line numbers and page breaks removed. Cite the official text.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.