STAND. COM. REP. NO.  1628

Honolulu, Hawaii

                , 2009

RE:   S.B. No. 947

      S.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred S.B. No. 947, S.D. 1, entitled:

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

begs leave to report as follows:

     The purpose of this bill is to conform the State Unemployment Insurance Law to federal law by:

     (1)  Ensuring that the State's experience rating system is applied uniformly to all business transfers, whether total or partial, or mandatory or voluntary; and

     (2)  Amending a citation of federal law to reflect the correct section of the Internal Revenue Code, as amended.

     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 S.B. No. 947, S.D. 1, and recommends that it pass Third Reading.

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

____________________________

MARCUS R. OSHIRO, Chair