SB 129: AN ACT relating to unemployment insurance.
SB 129 status: Enacted — signed by Governor (Acts Ch. 188) (updated Apr 17, 2026).
What this bill does
Overall score
Bill summary
OfficialAmend KRS 341.243 to change the employer's contribution rate to the service capacity upgrade fund; of the rate subtracting .075% until December 31, 2026; provide that beginning January 1 2027, the rates shall be adjusted by subtracting 0.0115%; require the secretary of the Education and Labor Cabinet to set the adjustm...
Key analysis
Impact analysis
Environment
Benefits
- No direct environmental impact identified.
Risks
- No direct environmental impact identified.
Economy
Benefits
- Provides a slight reduction in employer tax contributions.
- Funds modern service capacity for state unemployment systems.
Risks
- Reduces total revenue for the capacity upgrade fund.
- Creates potential fiscal volatility for administrative modernization.
Society
Benefits
- Potentially improves unemployment benefit processing speed through technological upgrades.
Risks
- Administrative reliance on cabinet-set adjustments limits transparency of long-term funding.
How trustworthy & consequential it is
Source
OpenStates
Confidence
lowlow
Analysis status
OpenStates summary
LegiScan returned a PDF-only document. PDF extraction is not enabled in this build, so the pipeline used a safer fallback.
Analysis based solely on abstract; full fiscal impact report unavailable.
Where it stands
Introduced
CompleteCommittee
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CompleteGovernor
CompleteEnacted
CompleteHow it affects your district
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