STAND. COM. REP. NO.  979-08

Honolulu, Hawaii

                , 2008

RE:   H.B. No. 3168

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2008

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 3168 entitled:

"A BILL FOR AN ACT RELATING TO UNEMPLOYMENT CONTRIBUTION RATES,"

begs leave to report as follows:

     The purpose of this bill is to increase efficiency in the administration of the unemployment insurance law by allowing changes in unemployment tax rates due to total and partial transfers of experience rating to be calculated at the same time, instead of at different times during the year.

     The Department of Labor and Industrial Relations supported this bill.

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 3168 and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

MARCUS R. OSHIRO, Chair