The Board proposes the rule amendment to reduce the annual assessment fee.

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION
Board of Employee Leasing Companies

RULE NO.: RULE TITLE:
61G7-5.002: Annual Assessment on Gross Florida Payroll

PURPOSE AND EFFECT: The Board proposes the rule amendment to reduce the annual assessment fee.

SUMMARY: The annual assessment fee will be reduced.

SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COST AND LEGISLATIVE RATIFICATION:

During discussion of the economic impact of the rules at its Board meeting, the Board, based upon the expertise and experience of its members, determined that a Statement of Estimated Regulatory Cost (SERC) was not necessary and that the rule amendment will not require ratification by the Legislature. No person or interested party submitted additional information regarding the economic impact at that time. The Board has determined that the rules will not have an adverse impact on small business, or likely increase regulatory costs in excess of $200,000 in the aggregate within 1 year after implementation of the rule.

Any person who wishes to provide information regarding the statement of estimated costs, or to provide a proposal for a lower regulatory cost alternative must do so in writing within 21 days of this notice.

RULEMAKING AUTHORITY: 468.522 FS.
LAW IMPLEMENTED: 468.526 FS.

IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE SCHEDULED AND ANNOUNCED IN THE FAW.

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Richard Morrison, Executive Director, Board of Employee Leasing Companies, 1940 North Monroe Street, Tallahassee, Florida 32399-0783

 

THE FULL TEXT OF THE PROPOSED RULE IS:

61G7-5.002 Annual Assessment on Gross Florida Payroll.

(1) The Department of Business and Professional Regulation shall assess each Employee Leasing Company and each Employee Leasing Company Group an annual assessment fee based upon the preceding calendar year’s gross Florida payroll of the company or group. The assessment shall be due on April 1 of each year and shall become delinquent after April 30. For new applicants the initial assessment shall be due with the licensure application. Funds collected under this assessment are to be made payable to the Board and to be deposited into the Professional Regulation Trust Fund as created within the Department. The annual assessment fee shall be calculated in accordance with the following table:

 

Amount of Gross	Assessment
Florida Payroll	Fee Due
less than $250,000	$36.00	72.00
250,000 – $500,000	$64.00	127.00
$500,001 – $1,000,000	$95.00	190.00
$1,000,001 – $2,500,000	$134.00	267.50
$2,500,001 – $5,000,000	$172.00	344.50
$5,000,001 – $7,500,000	$211.00	422.00
$7,500,001 – $10,000,000	$250.00	499.00
$10,000,001 – $15,000,000	$289.00	577.00
$15,000,001 – $20,000,000	$327.00	654.00
$20,000,001 – $30,000,000	$366.00	731.00
$30,000,001 – $40,000,000	$404.00	808.50
$40,000,001 – $50,000,000	$457.00	914.50
greater than $50,000,000	$510.00	1019.50

 

(2) through (3) No change.

Rulemaking Specific Authority 468.522 FS. Law Implemented 468.526(3) FS. History–New 7-15-92, Formerly 21EE-5.002, Amended 4-25-94, 6-10-96, 6-22-98, 7-11-00, 9-5-04, 3-27-05, 7-6-05,________.

 

NAME OF PERSON ORIGINATING PROPOSED RULE: Board of Employee Leasing Companies

NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: Board of Employee Leasing Companies

DATE PROPOSED RULE APPROVED BY AGENCY HEAD: September 21, 2011

DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAW: October 21, 2011