Report Title:
Employment and Training Fund; Maintains Current Assessment
Description:
Amends the formula that determines the amount to be assessed against employers for deposit in the Employment and Training Fund by making the .05% assessment rate permanent effective January 1, 2002. (SD1)
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THE SENATE |
S.B. NO. |
733 |
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TWENTY-FIRST LEGISLATURE, 2001 |
S.D. 1 |
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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:
"(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;]
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 Statutory material to be repealed is bracketed and stricken.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 on January 1, 2002.