- Introduced -

SB 922 - This act modifies how penalties are assessed for failure to file quarterly wage reports on time with the Division of Employment Security. Currently, the Division of Employment Security may terminate an organization's election to make payments in lieu of contributions (reimbursable status) for late reports or payments, and the employer is assigned a contribution rate. Under this act, the Division shall assess a penalty only for late reports, and the penalty equal to the greater of $100 or 10% of the contributions for each month the failure continues, but not to exceed $200 or 20% in the aggregate. This act changes the number of days under which the employer may be charged interest from 15 to 30 days after notification.

This act also requires an employer to report W-2 copy A information on magnetic tape or diskette to the Division if the employer is required to report on magnetic tape to the Social Security Administration.

MARGARET J. TOALSON