Whereas, Public Law 2003, chapter 668 enacted new laws concerning the payroll processing industry that go into effect January 31, 2005; and

Whereas, these new laws create hardships and are burdensome to the payroll processing industry; and

Whereas, in order to help the payroll processors in this State before these laws go into effect, immediate action is necessary; and

Whereas, in the judgment of the Legislature, these facts create an emergency within the meaning of the Constitution of Maine and require the following legislation as immediately necessary for the preservation of the public peace, health and safety; now, therefore,

Be it enacted by the People of the State of Maine as follows:

Sec. 1. 10 MRSA §§1495-E, 1495-F, 1495-G and 1495-I, as enacted by PL 2003, c. 668, §6 and affected by §12, are repealed.

Sec. 2. Retroactivity. This Act applies retroactively to January 31, 2005.

Emergency clause. In view of the emergency cited in the preamble, this Act takes effect when approved.

SUMMARY

This bill repeals sections of the law for payroll processors that require surety bonding and the sections that implement and enforce the bonding.