S704 - COVID-19 Recovery Act . (SL 2020-3)

Overview: Section 1.2 of S.L. 2020-3 authorizes unemployment insurance benefits (UI) for employees affected by the coronavirus emergency due to theemployerr temporarily ceasing operations or reducing hours or theemployeee being diagnosed with coronavirus or being quarantined by a health care provider or government official.

Section 1.2 of the act also grants employers a credit equal to the employer's first quarter UI tax due, effectively eliminating UI tax for the first quarter of 2020.

Section 1.2 of the act became effective May 4, 2020; applies retroactively beginning March 10, 2020; and expires on the earlier of: the recension of Executive Order No. 116, Declaration of a State of Emergency to Coordinate Response and Protective Actions to Prevent the Spread of COVID 19 or December 31, 2020.