H 3992 {Rat #151} General Bill, By Blackwell, McGinnis, Sandifer, Ligon, Cromer, 
Magnuson, White, Pace and Burns
 AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 41-31-60,
 RELATING TO DELINQUENT UNEMPLOYMENT COMPENSATION TAX RATES, SO AS TO PERMIT
 EMPLOYERS WITH INSTALLMENT PAYMENT AGREEMENTS APPROVED BY THE DEPARTMENT OF
 EMPLOYMENT AND WORKFORCE TO PAY THE TAX AT A SPECIFIED ANNUAL STATUTORY RATE,
 AND TO PROVIDE FOR THE AUTOMATIC REVERSION OF THIS RATE UPON FAILURE TO TIMELY
 COMPLY WITH THE PAYMENT AGREEMENT. - RATIFIED TITLE

   2/16/2023  House  Introduced and read first time (House Journal-page 18)
   2/16/2023  House  Referred to Committee on Labor, Commerce and Industry (House Journal-page 18)
   2/22/2023  House  Member(s) request name added as sponsor: Sandifer
   1/31/2024  House  Member(s) request name added as sponsor: Ligon
   1/31/2024  House  Committee report: Favorable with amendment Labor,
                     Commerce and Industry (House Journal-page 2)
   2/1/2024  House  Member(s) request name added as sponsor: Cromer, 
                     Magnuson,  White,  Pace,  Burns
   2/6/2024  House  Amended (House Journal-page 20)
   2/6/2024  House  Read second time (House Journal-page 20)
   2/6/2024  House  Roll call Yeas-117  Nays-0 (House Journal-page 21)
   2/7/2024  House  Read third time and sent to Senate (House Journal-page 13)
   2/7/2024  Senate Introduced and read first time (Senate Journal-page 7)
   2/7/2024  Senate Referred to Committee on Labor, Commerce and Industry (Senate Journal-page 7)
   3/19/2024  Senate Committee report: Favorable with amendment Labor,
                     Commerce and Industry (Senate Journal-page 8)
   3/21/2024  Senate Committee Amendment Adopted (Senate Journal-page 31)
   3/26/2024  Senate Read second time (Senate Journal-page 30)
   3/26/2024  Senate Roll call Ayes-42  Nays-0 (Senate Journal-page 30)
   3/27/2024  Senate Read third time and returned to House with amendments (Senate Journal-page 20)
   4/9/2024  House  Debate adjourned (House Journal-page 64)
   4/10/2024  House  Concurred in Senate amendment and enrolled (House Journal-page 14)
   4/10/2024  House  Roll call Yeas-110  Nays-0 (House Journal-page 15)
   5/8/2024         Ratified R 151
   5/13/2024         Signed By Governor

(R151, H3992)

AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 41?31?60, RELATING TO DELINQUENT UNEMPLOYMENT COMPENSATION TAX RATES, SO AS TO PERMIT EMPLOYERS WITH INSTALLMENT PAYMENT AGREEMENTS APPROVED BY THE DEPARTMENT OF EMPLOYMENT AND WORKFORCE TO PAY THE TAX AT A SPECIFIED ANNUAL STATUTORY RATE, AND TO PROVIDE FOR THE AUTOMATIC REVERSION OF THIS RATE UPON FAILURE TO TIMELY COMPLY WITH THE PAYMENT AGREEMENT.

Be it enacted by the General Assembly of the State of South Carolina:

Installment payment agreement rates, reversions

SECTION 1.    Section 41?31?60(B) of the S.C. Code is amended to read:

(B) No employer is permitted to pay his unemployment compensation tax at a reduced tax rate class for any quarter when a tax execution issued in accordance with Section 41?31?390 with respect to delinquent unemployment compensation tax for a previous quarter is unpaid and outstanding against the employer. If on the computation date upon which an employer's tax rate is computed as provided in Section 41?31?40 there is an outstanding tax execution, the tax class twenty rate must be assigned to the employer until the next computation date or until such time as all outstanding tax executions have been paid. An employer who has a department?approved installment payment agreement shall be permitted to pay its unemployment compensation tax at the annual rate as determined pursuant to Section 41?31?50. However, any such employer's tax rate shall immediately revert to the tax class twenty rate if the employer fails to make any one of the succeeding deferred payments or fails to submit any succeeding wage report and payment in a timely manner as required by the department?approved installment payment agreement.

Time effective

SECTION 2.    This act takes effect upon approval by the Governor.

Ratified the 8th day of May, 2024.

Speaker of the House of Representatives

Approved the _____________ day of _________________________________________2024.

This web page was last updated on May 8, 2024 at 5:09 PM