REPORT TITLE:
Employment security


DESCRIPTION:
Phases out fund assessment by one-third over a three-year period.
(HB2564 HD1)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        2564
HOUSE OF REPRESENTATIVES                H.B. NO.           H.D.1
TWENTIETH LEGISLATURE, 2000                                
STATE OF HAWAII                                            
                                                             
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                   A  BILL  FOR  AN  ACT

RELATING TO EMPLOYMENT SECURITY.



BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 1      SECTION 1.  Section 383-129, Hawaii Revised Statutes, is
 
 2 amended by amending subsection (a) to read as follows:
 
 3      "(a)  Effective January 1, 1992, through June 30, 1997, and
 
 4 from January 1, 1999, through December 31, [2000,] 2003, in
 
 5 addition to contributions determined by section 383-68, every
 
 6 employer, except an employer who has selected an alternative
 
 7 method of financing liability for unemployment compensation
 
 8 benefits pursuant to section 383-62 or an employer who has been
 
 9 assigned a minimum rate of zero per cent or the maximum rate of
 
10 five and four-tenths per cent in accordance with section 383-68,
 
11 shall be subject to an employment and training fund assessment at
 
12 a rate of:
 
13      (1)  .05 per cent of taxable wages for 2000;
 
14      (2)  .034 per cent of taxable wages for 2001; and
 
15      (3)  .016 per cent of taxable wages for 2002; as specified
 
16           in section 383-61.
 
17      For 2003 and all subsequent years there shall be no
 
18 employment and training fund assessments."
 

 
Page 2                                                     2564
                                     H.B. NO.           H.D. 1
                                                        
                                                        

 
 1      SECTION 2.  Statutory material to be repealed is bracketed.
 
 2 New statutory material is underscored.
 
 3      SECTION 3.  This Act shall take effect upon its approval.