House Sponsors: KENNER. Short description: EMPLOYMENT TRAINING ACT Synopsis of Bill as introduced: Creates the Employment Training Act. Creates an Employment Training Panel in the Department of Commerce and Community Affairs. Creates an Employment Training Fund in the State Treasury (and amends the State Finance Act to include that Fund as a special fund). Amends the Unemployment Insurance Act to impose an extra 0.1% on employer contributions, with the extra amount to be deposited into the Fund. Provides that the Panel shall: prepare an annual plan and an annual report; enter into contracts for the provision of employment training; allocate the Fund; evaluate projects; coordinate job training programs; and perform other duties. FISCAL NOTE (DCCA) FY98 fiscal impact on DCCA is $10.5 M; FY99 and each fiscal year thereafter, fiscal impact is estimated at $42 M. FISCAL NOTE (Dpt. Employment Security) An additional payroll tax would generate approximately $42 million annually. Potential loss of Federal Unemployment Tax Act tax credit could total up to $2 billion annually, and up to $160 million annually in loss of federal grants. Piggy- backing a State tax on a federally-financed collection of State umemployment insurance tax requires approximately $750,000 to $1,000,000 annually to be reimbursed to the federal gov't. in order to avoid loss of federal funding totalling about $110 million annually. There would be additional administrative costs for management, banking costs, computer programming which could total several hundreds of thousands of dollars annually. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status