Bill

Bill > S177


MA S177

To increase contributions to the Workforce Competitiveness Trust Fund


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
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)

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