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2021 Kentucky Revised Statutes
Chapter 341 - Unemployment compensation
341.127 Reports by cabinet.

Universal Citation: KY Rev Stat § 341.127 (2021)
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341.127 Reports by cabinet. (1) (2) (3) By December 1, 2021, and annually thereafter until December 1, 2025, the cabinet shall report to the Governor and the Interim Joint Committee on Economic Development and Workforce Investment: (a) The status of the unemployment trust fund, including any federal advances required for trust fund solvency; (b) The average claim duration for individuals receiving unemployment benefits; and (c) The average weekly wage for individuals receiving unemployment benefits. By December 1, 2021, the cabinet shall report to the Governor and the Interim Joint Committee on Economic Development and Workforce Investment a review of the amount of wages subject to tax. The review shall include: (a) An analysis of the equitable treatment of employers based on the amount of wages subject to tax; (b) A comparison of the percentage of wages subject to tax for small, medium, and large businesses; and (c) Examples of how changes to the amount of wages subject to tax would impact trust fund balances and employer contributions. This section expires on January 31, 2026. Effective:April 1, 2021 History: Created 2021 Ky. Acts ch. 177, sec. 1, effective April 1, 2021.
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