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1998 SESSION

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SB 16 Uninsured Employer's Fund; payment of tax.

Introduced by: Charles J. Colgan | all patrons    ...    notes | add to my profiles

SUMMARY:

Uninsured Employer's Fund; payment of tax. Increases the maximum premium tax for the uninsured and self-insured employer fund. Under current law, the Workers' Compensation Commission may not assess premium tax for this fund in excess of one-quarter of one percent. This bill establishes one-half of one percent as the ceiling for this tax, a rate that will revert to one-quarter of one percent on January 1, 2000. The bill also directs the Commission to conduct a study of the uninsured employee's fund focused on: (i) the fund's revenue needs, (ii) administration of claims, and (iii) oversight of self-insured employees. The Commission will report its study results to Senate Commerce and Labor and the House Labor and Commerce Committees by December 1, 1998. The bill has an emergency clause and will become effective immediately upon enactment.


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