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127th MAINE LEGISLATURE |
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LD 701 |
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LR 453(01) |
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An Act To Modify
Unemployment Insurance Successor Law |
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Preliminary Fiscal
Impact Statement for Original Bill |
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Sponsor: Rep. Herbig of Belfast |
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Committee: Labor, Commerce, Research and
Economic Development |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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| Potential revenue decrease - Unemployment Compensation Trust
Fund |
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| Fiscal Detail
and Notes |
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To the extent that
this legislation results in the purchaser of an existing business being
assigned a lower unemployment tax rate than what would have been assigned
absent this legislation, there is a loss of revenue to the Unemployment
Compensation Trust Fund. The impact to
the fund will depend on actual experience.
According to the Department of Labor, of the 663 successor
determinations in 2014 a maximum of 87 would have qualified for the options
provided in this legislation. |
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