STAND. COM. REP. NO. 823
Honolulu, Hawaii
, 2013
RE: H.B. No. 144
H.D. 2
Honorable Joseph M. Souki
Speaker, House of Representatives
Twenty-Seventh State Legislature
Regular Session of 2013
State of Hawaii
Sir:
Your Committee on Finance, to which was referred H.B. No. 144, H.D. 2, entitled:
"A BILL FOR AN ACT RELATING TO PROFESSIONAL EMPLOYER ORGANIZATIONS,"
begs leave to report as follows:
(1) Adding definitions and registration and fee requirements to Chapter 373K, Hawaii Revised Statutes (HRS), which relates to PEOs;
(2) Requiring notification to the Department of Taxation of PEO violations for general excise tax exemption purposes;
(3) Allowing PEOs to be successor employers to client companies;
(4) Establishing a sliding scale bond requirement for PEOs based upon annual payrolls; and
(5) Repealing Chapter 373L, HRS, which relates to PEOs.
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. 144, H.D. 2, and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ SYLVIA LUKE, Chair |
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