STAND. COM. REP. NO.  630

 

Honolulu, Hawaii

                , 2013

 

RE:   H.B. No. 929

 

 

 

 

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. 929 entitled:

 

"A BILL FOR AN ACT RELATING TO EMPLOYMENT AND TRAINING ASSESSMENT,"

 

begs leave to report as follows:

 

     The purpose of this measure is to revise the employment and training fund assessment exemptions to reflect recent amendments to the unemployment compensation fund contribution rates.

 

     The Department of Labor and Industrial Relations and one individual submitted testimony in support of this measure.

 

     Your Committee finds that the maximum employer contribution rate to the unemployment compensation fund was increased from 5.4 per cent to 6.6 per cent by Act 263, Session Laws of Hawaii 2012.  However, a corresponding amendment to the employment and training fund assessment was not made at that time.  This measure will make the corresponding amendment to the employment and training fund assessment and provide clarification for employers that are exempt from the assessment.

 

     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. 929 and recommends that it pass Third Reading.

 

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

 

 

		____________________________ SYLVIA LUKE, Chair