|
1596
Laws of Maryland
[Ch. 740
that computation date. Such benefit ratio shall be computed to the
fourth decimal point.
(ii) The contribution rate of each employer for whom a benefit
ratio is computed shall be as set forth in the table below, hereafter
referred to as the "table of basic rates":
|
[Employer's Benefit
|
Employer's Contribution
|
|
Ratio
|
Basic Rate
|
|
.0000-.0000
|
0.1%
|
|
|
.0001-.0002
|
0.3%
|
|
|
.0003-.0030
|
0.6%
|
|
|
.0031-.0060
|
0.9%
|
|
|
.0061-.0090
|
1.2%
|
|
|
.0091-.0120
|
1.5%
|
|
|
.0121-.0150
|
1.8%
|
|
|
.0151-.0180
|
2.1%
|
|
|
.0181-.0210
|
2.4%
|
|
|
.0211-.0240
|
2.7%
|
|
|
.0241-.0270
|
3.0%
|
|
|
.0271-.0300
|
3.3%
|
|
|
.0301-and over
|
3.6%]
|
|
|
Employer's
|
|
Employer's
|
|
Employer's Basic
|
Employer's
|
Basic
|
|
Benefit Contribution
|
Benefit
|
Contribution
|
|
Ratio Rate
|
Ratio
|
Rate
|
|
.0000-.0010 0.1%
|
.0181-.0190
|
1.9%
|
|
.0011-.0020 0.2%
|
.0191-.0200
|
2.0%
|
|
.0021-.0030 0.3%
|
.0201-.0210
|
2.1%
|
|
.0031-.0040 04%
|
.0211-.0220
|
2.2%
|
|
.0041-.0050 0.5%
|
.0221-.0230
|
2.3%
|
|
.0051-.0060 0.6%
|
.0231-.0240
|
24%
|
|
.0061-.0070 0.7%
|
.0241-.0250
|
2.5%
|
|
.0071-.0080 0.8%
|
.0251-.0260
|
2.6%
|
|
.0081-.0090 0.9%
|
.0261-.0270
|
2.7%
|
|
.0091-.0100 1.0%
|
.0271-.0280
|
2.8%
|
|
.0101-.0110 1.1%
|
.0281-.0290
|
2.9%
|
|
.0111-.0120 1.2%
|
.0291-.0300
|
3.0%
|
|
.0121-.0130 1.3%
|
.0301-.0310
|
3.1%
|
|
.0131-.0140 14%
|
.0311-.0320
|
3.2%
|
|
.0141-.0150 1.5%
|
.0321-.0330
|
3.3%
|
|
.0151-.0160 1.6%
|
.0331-.0340
|
34%
|
|
.0161-.0170 1.7%
|
.0341-.0350
|
3.5%
|
|
.0171-.0180 1.8%
|
.0351-and over
|
3.6%
|
The basic rates in the above table shall apply for the fiscal year
beginning July 1, 1971, and for any fiscal year beginning on or after
[July 1, 1969] July 1, 1972, when the fund balance on the computa-
tion date equals or exceeds [4%] 4.5 3% but is not in excess of [6%]
5.5 4.5% of the total taxable wages for the immediately preceding
calendar year.
For any fiscal year beginning on or after [July 1, 1969] July 1,
1972, when the fund balance on the computation date is less than
[4%] 4.5 3% or equals or is in excess of [6%] 5.5 4.5% of the total
taxable wages for the immediately preceding calendar year, the rates
at which employers shall be required to pay contributions shall be in
accordance with the [appropriate rate table listed below] Table of
Basic Rates, adjusted as shown in the Table of Basic Rate Adjust-
|
