STATE OF NEW YORK
________________________________________________________________________
1148
2025-2026 Regular Sessions
IN ASSEMBLY
January 9, 2025
___________
Introduced by M. of A. RA, BARCLAY, SIMPSON, MANKTELOW, DeSTEFANO,
JENSEN, GALLAHAN, HAWLEY, DURSO, TANNOUSIS, MIKULIN, MORINELLO, TAGUE,
ANGELINO, LEMONDES, GIGLIO, SLATER, FRIEND -- read once and referred
to the Committee on Labor
AN ACT to amend the labor law, in relation to suspending employer
contributions to the interest assessment surcharge fund; making an
appropriation to pay interest due on advances from the federal unem-
ployment account; and providing for the repeal of such provisions upon
the expiration thereof
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 581-d of the labor law is amended by adding a new
2 subdivision 3 to read as follows:
3 3. The provisions contained in this section shall be suspended until
4 December thirty-first, two thousand twenty-seven.
5 § 2. The sum of five hundred million dollars ($500,000,000) is hereby
6 appropriated from the Economic Uncertainties Fund for the purpose of
7 paying interest due on advances from the federal unemployment account
8 under Title XII of the Social Security Act (42 U.S. Code Sections 1321
9 to 1324) during any period that such interest will accrue.
10 § 3. This act shall take effect immediately; provided, however, that
11 this act shall expire and be deemed repealed on and after December 31,
12 2027.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD00693-01-5
