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Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 115-C. Transfer to the Unemployment Compensation Trust Fund

Current as of January 01, 2026 | Updated by Findlaw Staff

(a) Certification of information.--No later than September 1, 2022, November 1, 2022, December 15, 2022, and February 1, 2023, the Secretary of Labor and Industry shall certify to the Secretary of the Budget, the chairperson and minority chairperson of the Appropriations Committee of the Senate and the chairperson and minority chairperson of the Appropriations Committee of the House of Representatives all of the following:

(1) The balance of the Unemployment Compensation Trust Fund as of the date of the certification.

(2) The estimated revenues to be deposited into the Unemployment Compensation Trust Fund for the remainder of the fiscal year.

(3) The estimated expenditures from the Unemployment Compensation Trust Fund for the remainder of the fiscal year.

(4) The balance of the loans from the Federal Government as of the date of the certification.

(5) Whether the balance of the loans under paragraph (4) will subject the Commonwealth to a FUTA credit reduction if the loans are not repaid by January 1, 2023.

(b) Transfer.--Upon receipt of a certification under subsection (a), the Secretary of the Budget shall transfer amounts from the appropriation for COVID Relief--ARPA--Transfer to the Unemployment Compensation Trust Fund to the Unemployment Compensation Trust Fund.  Amounts transferred to the Unemployment Compensation Trust Fund under this subsection shall be used as follows:

(1) To repay advances prior to November 10, 2022, to avoid a reduction in the tax credit available to employers under 26 U.S.C. § 3302 (relating to credits against tax).

(2) To repay the entire outstanding advances prior to January 1, 2023, to avoid a reduction in the tax credit available to employers under 26 U.S.C. § 3302.

(3) Excess money remaining after advances are paid in accordance with paragraphs (1) and (2) shall be used to repay outstanding advances prior to April 30, 2023.

(4) After April 30, 2023, any remaining money shall be used in the following order of priority:

(i) The repayment of outstanding advances.

(ii) The payment of benefits under the act of December 5, 1936 (2nd Sp.Sess., 1937 P.L. 2897, No. 1),  1 known as the Unemployment Compensation Law, if the department determines that additional advances will not be necessary for at least one year.

1  43 P.S. § 751 et seq.
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Cite this article: FindLaw.com - Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 115-C. Transfer to the Unemployment Compensation Trust Fund - last updated January 01, 2026 | https://codes.findlaw.com/pa/title-72-ps-taxation-and-fiscal-affairs/pa-st-sect-72-115-c/

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