Report Title:
Employment Security
Description:
Makes the employment and training fund assessment permanent and sets the employment and training fund assessment rate at 0.03%.
HOUSE OF REPRESENTATIVES |
H.B. NO. |
1130 |
TWENTY-FIRST LEGISLATURE, 2001 |
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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:
SECTION 1. Section 383-129, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
"§383-129 Employment and training assessment. (a) [Effective January 1, 1992, through June 30, 1997, and from January 1, 1999, through December 31, 2003, in] In addition to contributions determined by section 383-68, every employer, except an employer who has selected an alternative method of financing liability for unemployment compensation benefits pursuant to section 383-62 or an employer who has been assigned a minimum rate of zero per cent or the maximum rate of five and four-tenths per cent in accordance with section 383-68, shall be subject to an employment and training fund assessment at a rate of[:
(1) .05 per cent of taxable wages for 2000;
(2) .03 per cent of taxable wages for 2001; and
(3) .01 per cent of taxable wages for 2002;] 0.03 per cent
as specified in section 383-61.
[For 2003 and all subsequent years, there shall be no employment and training fund assessments.]"
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect upon its approval.
INTRODUCED BY: |
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