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Bill > SB159


AK SB159

Training & Employment Prog: Contributions


summary

Introduced
04/07/2025
In Committee
05/16/2025
Crossed Over
Passed
Dead

Introduced Session

34th Legislature

Bill Summary

An Act increasing contributions to the Department of Labor and Workforce Development for the State Training and Employment Program.

AI Summary

This bill increases the contribution rate for employees to the State Training and Employment Program from 0.1% (one-tenth of one percent) to 0.2% (two-tenths of one percent) of their wages. The contribution will be collected by the department from each employee in the manner specified under existing law, and then remitted to the Department of Revenue. The new contribution rate will apply to employment contracts entered into on or after the bill's effective date. The purpose of this bill appears to be to provide additional funding for workforce development and training programs by marginally increasing the mandatory employee contribution rate.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Labor & Commerce (S)

Last Action

REFERRED TO FINANCE (on 05/16/2025)

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