New York A 1148: Suspends employer contributions to the interest assessment surcharge fund; appropriation

Status: REFERRED TO LABOR (as of 2026-01-07)

State: New York · Session: 2025-2026 · Bill: A 1148

Sponsors: Edward Ra, Andrea Bailey, Andrew Molitor, Angelo J. Morinello, Brian Manktelow, Chris Tague, Christopher Friend, Jeff Gallahan, Jodi Giglio, Joe Angelino, Joe DeStefano, John K. Mikulin, John Lemondes, Josh Jensen, Matthew Simpson, Matthew Slater, Michael Durso, Michael Tannousis, Stephen Hawley, William A. Barclay

Bill Text

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A01148 Summary:

BILL NOA01148 

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SAME ASSAME AS S06767

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SPONSORRa

&nbsp

COSPNSRBarclay, Simpson, Manktelow, DeStefano, Jensen, Gallahan, Hawley, Durso, Tannousis, Mikulin,
 Morinello, Tague, Angelino, Lemondes, Giglio, Slater, Friend, Molitor, Bailey

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MLTSPNSR

&nbsp

Amd §581-d, Lab L

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Suspends employer contributions to the interest assessment surcharge fund until December 31, 2027.

Go to top A01148 Actions:

BILL NOA01148 

&nbsp

01/09/2025referred to labor

01/07/2026referred to labor

Go to topA01148 Committee&nbspVotes:

Go to topA01148 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA01148 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1148

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 9, 2025
 ___________

 Introduced by M. of A. RA, BARCLAY, SIMPSON, MANKTELOW, DeSTEFANO,
 JENSEN, GALLAHAN, HAWLEY, DURSO, TANNOUSIS, MIKULIN, MORINELLO, TAGUE,
 ANGELINO, LEMONDES, GIGLIO, SLATER, FRIEND -- read once and referred
 to the Committee on Labor

 AN ACT to amend the labor law, in relation to suspending employer
 contributions to the interest assessment surcharge fund; making an
 appropriation to pay interest due on advances from the federal unem-
 ployment account; and providing for the repeal of such provisions upon
 the expiration thereof

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Section 581-d of the labor law is amended by adding a new
 2 subdivision 3 to read as follows:
 3 3. The provisions contained in this section shall be suspended until
 4 December thirty-first, two thousand twenty-seven.
 5 § 2. The sum of five hundred million dollars ($500,000,000) is hereby
 6 appropriated from the Economic Uncertainties Fund for the purpose of
 7 paying interest due on advances from the federal unemployment account
 8 under Title XII of the Social Security Act (42 U.S. Code Sections 1321
 9 to 1324) during any period that such interest will accrue.
 10 § 3. This act shall take effect immediately; provided, however, that
 11 this act shall expire and be deemed repealed on and after December 31,
 12 2027.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00693-01-5

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