OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http://www.cga.ct.gov/ofa

HB-6461

AN ACT CONCERNING UNEMPLOYMENT COMPENSATION.

AMENDMENT

LCO No.: 8821

File Copy No.: 258

House Calendar No.: 198


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 18 $

FY 19 $

Labor Dept.

UCF - Savings

Less than 1.2 million

Less than 1.2 million

Labor Dept.

UCF - Revenue Gain

Potential

Potential

Note: UCF=Unemployment Compensation Fund

Municipal Impact: None

Explanation

The amendment strikes the underlying bill and associated fiscal impact.

The amendment provides additional flexibility to the Department of Labor (DOL) to enforce collection of outstanding taxes, interest, and penalties under state unemployment tax law. This results in a potential revenue gain to the Unemployment Compensation Fund (UCF) beginning as early as FY 18.

The amendment also increases the minimum base period earnings required to qualify for unemployment benefits, which results in a savings of less than $1.2 million to the UCF.

The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely for the purposes of information, summarization and explanation and does not represent the intent of the General Assembly or either chamber thereof for any purpose. In general, fiscal impacts are based upon a variety of informational sources, including the analyst's professional knowledge. Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.