Reforms the authority of the State Employment Security Department to compromise on claims for contributions, interest, or penalties. (See also SB 5354).   Official Text and Analysis.

Makes the changes to the law retroactive to January 1, 2013. Adds an emergency clause ito make the bill effective immediately.

Authorizes the Employment Security Department to enter into settlement agreements with employers for less than the amount of taxes, interest, or penalties due when it would be against equity and good conscience to demand the full amount.

Adds language specifying that whenever a compromise is made by the commissioner in the case of a claim of a benefit overpayment, whether reduced to judgment or otherwise, there shall be placed on file in the office of the unemployment compensation division a statement of the amount of the benefit overpayment, attorneys' fees and costs, if any, a complete record of the compromise agreement, and the amount actually paid in accordance with the terms of the compromise agreement. Provides that section 1 of the act applies retroactively to January 1, 2013, instead of taking effect on January 1, 2013.

To concur in Senate amendment(s).

Authorizes the Employment Security Department to enter into settlement agreements with employers for less than the amount of taxes, interest, or penalties due when it would be against equity and good conscience to demand the full amount.