Illinois Recent Unemployment Legislation
Illinois HB 1030 was enacted. This legislation creates a 0.5%
surcharge for the first quarter 2011 by diverting 0.5% of all employers’ contributions
to the Title XII Interest Fund. The money in this fund will be used to pay the
interest on the state’s Title XII loan that is due on September 30, 2011. It
also sets the 2012 taxable wage base at $13,560, which is $600 dollars higher than
it would have been under the current law. This increase is intended to help
recoup the money lost in 2011 to the unemployment trust fund as a result of the diversion
to the Title XII Interest Fund.
Employer Tax Services
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