Report Title:

Employment Training

 

Description:

Provides that employer's assessment for employment and training fund shall be at .05% of taxable wages.

 

THE SENATE

S.B. NO.

810

TWENTY-FIRST LEGISLATURE, 2001

 

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

relating to employment and training assessment.

 

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

SECTION 1. Section 383-129, Hawaii Revised Statutes, is amended 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, 2005, 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;]

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 Statutory material to be repealed is bracketed and stricken.

SECTION 3. This Act shall take effect upon its approval.

INTRODUCED BY:

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