summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation to increase contributions to the Workforce Competitiveness Trust Fund. Economic Development and Emerging Technologies.
AI Summary
This bill aims to increase contributions to the Workforce Competitiveness Trust Fund, which is a state fund used to support workforce development and training programs. The key provisions are:
1. The fund will be credited with amounts detailed in section 14L1/2 of chapter 151A, as well as any gifts, grants, private contributions, investment income, and other sources. Money remaining in the fund at the end of a fiscal year will not revert to the General Fund.
2. The Commissioner of the Department of Unemployment Assistance will be required to file an annual report with the legislature on the collection of the workforce training contributions, including the amounts collected, the number of contributing employers, and the contribution rate.
3. The bill establishes a new "workforce competitiveness trust fund contribution" that employers will be required to pay, with the contribution rate varying based on the number of employees the employer has. The Commissioner will deposit the proceeds of this contribution into the Workforce Competitiveness Trust Fund.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Accompanied a study order, see S2486 (on 04/26/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://malegislature.gov/Bills/190/S177 |
Bill | https://malegislature.gov/Bills/190/S177.pdf |
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