HOUSE BILL 971159
BY REPRESENTATIVES T. Williams, Arrington, Dean, George, Gotlieb, Grampsas, S. Johnson, Kaufman, Lamborn, Saliman, Schauer, Smith, Swenson, Takis, Tate, Tool, Tucker, Young, Agler, K. Alexander, Allen, Bacon, Epps, Keller, Kreutz, Leyba, McPherson, Miller, Morrison, Musgrave, Nichol, Owen, Paschall, Reeser, Schwarz, Sullivant, Taylor, Tupa, Udall, S. Williams, and Zimmerman;
also SENATORS Coffman, Arnold, Bishop, Blickensderfer,
Congrove, Dennis, Feeley, Hernandez, J. Johnson, Martinez, Matsunaka,
Pascoe, Phillips, Powers, Reeves, Rizzuto, Rupert, Schroeder,
Tanner, Tebedo, and Wells.
CONCERNING UNEMPLOYMENT INSURANCE TAX RELIEF FOR
NEWLY CREATED BUSINESSES.
Be it enacted by the General Assembly of the State
of Colorado:
SECTION 1. 876103
(3) (a) (I), Colorado Revised Statutes, 1986 Repl. Vol., is amended,
and the said 876103 (3) (a), as amended, is further
amended BY THE ADDITION OF A NEW SUBPARAGRAPH, to read:
876103. Future rates based
on benefit experience. (3) (a) (I) The
standard rate of taxes shall be two
and seventenths ONE AND SEVEN
TENTHS percent. Employer tax rates for employers newly subject
to articles 70 to 82 of this title on or after July 1, 1983
1997, shall be determined each year as of the computation date
in accordance with the provisions of subparagraph (II) of paragraph
(b) of this subsection (3). Such new employers shall pay tax
at the standard rate or at the computed rate, whichever is higher,
unless and until there have been thirtysix
TWELVE consecutive calendar months immediately preceding the computation
date throughout which an employer's account has been chargeable
with benefit payments.
(VI) (A) EMPLOYER TAX RATES FOR EMPLOYERS
NEWLY SUBJECT TO ARTICLES 70 TO 82 OF THIS TITLE ON OR AFTER JULY
1, 1994, AND PRIOR TO JULY 1, 1997, SHALL BE DETERMINED EACH YEAR
AS OF THE COMPUTATION DATE IN ACCORDANCE WITH THE PROVISIONS OF
SUBPARAGRAPH (II) OF PARAGRAPH (b) OF THIS SUBSECTION (3). SUCH
NEW EMPLOYERS SHALL PAY TAX AT THE STANDARD RATE THEN IN EFFECT
OR AT THE COMPUTED RATE, WHICHEVER IS HIGHER, UNLESS AND UNTIL
THERE HAVE BEEN TWELVE CONSECUTIVE CALENDAR MONTHS IMMEDIATELY
PRECEDING THE COMPUTATION DATE THROUGHOUT WHICH AN EMPLOYER'S
ACCOUNT HAS BEEN CHARGEABLE WITH BENEFIT PAYMENTS.
(B) THIS SUBPARAGRAPH (VI) IS REPEALED,
EFFECTIVE JULY 1, 2000.
SECTION 2. Safety
clause. The general assembly hereby finds, determines, and
declares that this act is necessary for the immediate preservation
of the public peace, health, and safety.
____________________________ ____________________________
Charles E. Berry Tom Norton
SPEAKER OF THE HOUSE PRESIDENT OF
OF REPRESENTATIVES THE SENATE
____________________________ ____________________________
Judith M. Rodrigue Joan M. Albi
CHIEF CLERK OF THE HOUSE SECRETARY OF
OF REPRESENTATIVES THE SENATE
APPROVED________________________________________
_________________________________________
Roy Romer
GOVERNOR OF THE STATE
OF COLORADO