OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 ↓ (860) 240-0200
June 7, 2017
To Fiscal Note on LCO No. 8826
sHB-6461, File No. 258
AN ACT CONCERNING UNEMPLOYMENT COMPENSATION.
In addition to the potential revenue gain from the deposit of delinquent taxes to the Unemployment Compensation Fund, there is also a potential revenue gain to the Employment Security Administration Fund associated with delinquent interest, fees, penalties, and assessments.
According to the Labor Department there is currently approximately $45 million in outstanding Unemployment Insurance Tax debt that is more than two years old.