New invoice would enable Division of Labor to go after $100M in unemployment taxes, preserve a few of it – WSB-TV Channel 2

ATLANTA — Companies owe the Georgia Division of Labor greater than $100 million in again unemployment taxes and Georgia’s Labor Commissioner says he has a plan for the way to recoup the cash.

“I’m not asking for taxpayer cash. I’m saying let me go discover it,” Commissioner of Labor Bruce Thompson advised Channel 2 shopper investigator Justin Grey.

Thompson mentioned new laws, Senate Invoice 475, would change Georgia regulation to permit the DOL to go after these unpaid payments and refill the state’s dwindling underfunded unemployment belief fund.

Below present regulation, all the cash DOL takes in goes to the state treasury. The proposed invoice would enable DOL to maintain 20% of the fines, penalties, and again funds it receives to fund its restoration work and assist fund the unemployment belief fund.

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“We’ve, we imagine, $100 million that’s sitting on the sidelines that’s not been collected. We’ve recognized it,” Thomson mentioned.

Proper now, the belief fund has $1.6 billion. That’s about half of what officers say it must be even in a robust financial system with low unemployment.

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A recession might dangerously stress the fund. When the belief fund will get too low, the federal authorities can order the state to replenish it with taxpayer {dollars}.

“I’m saying unleash me to go get cash and let me preserve 20% to pay for the price of it,” Thompson mentioned.

Thompson additionally mentioned as a consequence of low staffing ranges, DOL continues to have main points responding to Georgians in a well timed method.

Thompson mentioned statistics present 52% of their callers dangle up as a result of they wait so lengthy attempting to get somebody to reply and supply assistance on the cellphone line.

“So, the typical time that somebody held earlier than they hung up was 28 minutes. That must be unacceptable to everybody. However I’m going to must have some sources to exit and guarantee that the employers are paying into the belief fund like they’re presupposed to,” Thompson mentioned.

The invoice was simply launched within the Senate and a companion invoice can be being launched within the Home.

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