Bill Text: HI SB2614 | 2012 | Regular Session | Introduced
Bill Title: Employment security; Wages
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2012-01-23 - (S) Referred to JDL, WAM. [SB2614 Detail]
Download: Hawaii-2012-SB2614-Introduced.html
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THE SENATE |
S.B. NO. |
2614 |
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TWENTY-SIXTH LEGISLATURE, 2012 |
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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 383-61, Hawaii Revised Statutes, is amended by amending subsection (c) to read as follows:
"(c) For the calendar year 1991 [only]
and calendar years 2012 and beyond, the term "wages" does not
include remuneration in excess of $7,000 paid with respect to employment to an
individual by an employer. For calendar years 2008 and 2009, the term
"wages" as used in this part does not include remuneration in excess
of $13,000 paid with respect to employment to an individual by an employer so
long as the balance of the unemployment trust fund does not fall below the
adequate reserve fund as specified by section 383-63. For calendar years 2010
and 2011 only, the term "wages" as used in this part does not include
remuneration in excess of the wages paid with respect to employment to an individual
by an employer during the calendar year that exceeds ninety per cent
of the average annual wage."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect on July 1, 2012.
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INTRODUCED BY: |
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Report Title:
Employment security; Wages
Description:
Reduces the taxable wage base for unemployment taxes to wages of no more than $7,000.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
