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

 

STATE OF HAWAII

 


 

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 Statutory material to be repealed is bracketed and stricken.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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