Unemployment insurance loans
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Description
The Social Security Amendments of 1983 (P.L 98-21) established several temporary fiscal relief provisions that were aimed at providing incentives to strengthen the solvency of State Unemployment Insurance (UI) programs. These provisions allowed States meeting certain conditions to defer interest payments on UI loans, receive a discounted interest rate, and receive a partial cap on Federal Unemployment Tax Act (FUTA) tax credit reductions. Most of these provisions expired on September 30, 1985. This paper describes these provisions.,Emmett D. Carson, Analyst in Social Legislation, Education and Public Welfare Division.,CRS 86-543 EPW,"February 4, 1986.",SuDoc# 14. 18/3
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