Bill > HB254

This bill modifies the licensing requirements for professional employer organizations (PEOs), which are companies that provide comprehensive human resources and employment administrative services to businesses. The bill eliminates the requirement for PEO applicants and their controlling persons to submit fingerprints for background checks by state and federal authorities. It removes provisions related to demonstrating "good moral character" and detailed criminal background check procedures. The bill maintains other existing licensing standards, such as requiring applicants to be at least 18 years old, provide business information (like names of partners, officers, or shareholders), maintain a minimum net worth of $50,000, and have positive working capital. Applicants must still provide business details, tax identification numbers, and addresses, and can obtain either an unrestricted ($750 fee) or restricted ($500 fee) license. The legislation simplifies the application process by removing intrusive background check requirements while preserving core regulatory oversight of professional employer organizations in the state.

Business and Industry

https://bills.legmt.gov/#/laws/bill/2/LC0219