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| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB5577 Introduced , by Rep. Jay Hoffman SYNOPSIS AS INTRODUCED:
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820 ILCS 405/2600 | from Ch. 48, par. 750 |
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Amends the Unemployment Insurance Act. Provides that for sales or transfers of business occurring on or after March 1, 2017, the purchaser or transferee is not personally liable for the contributions, interest, and penalties owed to the Department of Employment Security if upon petition to the Director of Employment Security within 2 years after the sale or transfer or notice of the amount due, whichever is later, the purchaser or transferee proves: (1) the purchaser or transferee lacked knowledge of the contributions, interest, and penalties owing to the Department of Employment Security at the time of the sale or transfer; or (2) pursuant to any sale or transfer agreement, the seller or transferor agreed to be liable for outstanding contributions, interest, and penalties owed to the Department of Employment Security. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | HB5577 | | LRB100 20852 KTG 36346 b |
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1 | | AN ACT concerning employment.
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2 | | Be it enacted by the People of the State of Illinois,
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3 | | represented in the General Assembly:
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4 | | Section 5. The Unemployment Insurance Act is amended by |
5 | | changing Section 2600 as follows:
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6 | | (820 ILCS 405/2600) (from Ch. 48, par. 750)
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7 | | Sec. 2600.
Every assignee, receiver, trustee in |
8 | | bankruptcy, liquidator,
administrator, executor, sheriff, |
9 | | mortgagee, conditional vendor, or any
other person who shall |
10 | | sell substantially all of (A) the business, or (B)
the stock of |
11 | | goods, or (C) the furniture or fixtures, or (D) the machinery
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12 | | and equipment, or (E) the goodwill of any employing unit shall, |
13 | | at least 7
days prior to the date of such sale, notify the |
14 | | Director of the name and
address of the person conducting such |
15 | | sale, the date, the place and the
terms of such sale and a |
16 | | description of the property to be sold. Any
assignee, receiver, |
17 | | trustee in bankruptcy, liquidator, administrator,
executor, |
18 | | sheriff, mortgagee, conditional vendor, or any other person who
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19 | | shall fail to observe the requirements of this section shall be |
20 | | personally
responsible for all loss in contributions, |
21 | | penalties and interest
attributable to such failure to notify |
22 | | the Director as herein provided.
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23 | | Any employing unit which shall, outside the usual course of |