Office of the Revisor of Statutes
SF 1916
Introduction - 88th Legislature (2013 - 2014)
Posted on 02/26/2014 09:49 a.m.
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A bill for an act
relating to unemployment insurance; decreasing the interest rate on past due
employer taxes and unpaid applicant fraud debt; amending Minnesota Statutes
2012, sections 268.057, subdivision 5; 268.18, subdivision 2b.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2012, section 268.057, subdivision 5, is amended to read:
Subd. 5.
Interest on amounts past due.
If any amounts due from an employer
under this chapter or section 116L.20, except late fees under section 268.044, are not
received on the date due the unpaid balance bears interest at the rate of one deleted text begin and one-half
deleted text end percent per month or any part deleted text begin thereofdeleted text end new text begin of a monthnew text end . Interest collected new text begin under this subdivision
new text end is credited to the contingent account.
new text begin EFFECTIVE DATE. new text end
new text begin
This section applies to all interest assessed after July 1, 2015.
new text end
Sec. 2.
Minnesota Statutes 2012, section 268.18, subdivision 2b, is amended to read:
Subd. 2b.
Interest.
deleted text begin (a)deleted text end On any unemployment benefits fraudulently obtained,
and any penalty amounts assessed under subdivision 2, the commissioner must assess
interest at the rate of deleted text begin 1-1/2deleted text end new text begin onenew text end percent per month on any amount that remains unpaid
beginning 30 calendar days after the date of the determination of overpayment by fraud. A
determination of overpayment by fraud must state that interest will be assessed.new text begin Interest is
assessed in the same manner as on employer debt under section 268.057, subdivision 5.
new text end
deleted text begin
(b) If the determination did not state that interest will be assessed, interest is assessed
beginning 30 calendar days after notification, by mail or electronic transmission, to the
applicant that interest is now assessed.
deleted text end
deleted text begin (c)deleted text end Interest paymentsnew text begin collectednew text end under this deleted text begin sectiondeleted text end new text begin subdivisionnew text end are credited to the
trust fund.
new text begin EFFECTIVE DATE. new text end
new text begin
This section applies to interest assessed after July 1, 2015.
new text end