Official Text and Analysis.

Creates four categories of employers eligible for forgiven benefits, rather than two, that: (1) Include categories limited by lower size thresholds; (2) Include somewhat different industries in the industry-limited categories; (3) Use a higher minimum rate increase threshold; and (4) Are eligible for different portions of total available funding.

Provides that an employer is eligible for category 3 or category 4 if the employer's experience rating has increased by four or more rate classes instead of by six or more. Requires that approved benefits for a category 3 or category 4 employer may not exceed an amount that would reduce the employer's rate class increase to no more than a three, instead of four, rate class increase. Requires that any funds remaining in the Unemployment Insurance Relief Account after the Employment Security Department determines the forgiven benefits for category 4 employers must be redistributed beginning with category 1 employers and ending with category 3 employers according to this act.

Provides that an employer is eligible for category or category 4 if the employer's experience rating has increased by four or more rate classes instead of by six or more.

The vote on the passage of the bill.