AN ACT relating to professional employer organizations.

Amend KRS 336.236 to change the financial statement requirements for a professional employer organization's initial and renewal registration; provide that initial registration shall be valid for one fiscal year for any professional employer organization that completed its initial prior to July 15, 2024; amend KRS 336.238 to include professional employer organization groups; amend KRS 336.240 to include annual renewal registrations in the financial statement requirements; amend KRS 336.248 to require a professional employer organization to submit required wage reports and pay all contributions to the Office of Unemployment Insurance; provide a process for submission of the reports and contributions.