clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e
  Maryland State Archives | Index | Help | Search search for:
clear space
white space
Session Laws, 1971
Volume 707, Page 1751   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

Marvin Mandel, Governor                        1751

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%

The basic rates in the above table shall apply for any fiscal year
beginning on or after July 1, 1969, when the fund balance on the
computation date exceeds 4% but is not in excess of 6% of the total
taxable wages for the immediate IMMEDIATELY preceding calen-
dar year.

For any fiscal year beginning on or after July 1, 1969, when the
fund balance on the computation date is less than 4% or in excess of
6% of the total taxable wages for the immediately preceding cal-
endar year, the rates at which employers shall be required to pay
contributions shall be in accordance with the appropriate rate table
listed below, but in no event shall an employer be granted less than
an 0.1% rate in any fiscal year.

For the purposes of this subsection, the term "fund balance" means
the total amount available for benefits in the unemployment insur-
ance fund and the term "total taxable wages" means the wages paid
in a calendar year by all employers subject to this article, which
wages were subject to contributions and reported to the Executive
Director.

Ratio Between Fund Balance
on Computation Date and Total

Taxable Wages for Prior Year                Contribution Schedule

up to 2%                                      alternate  rate table A

2% to 4%                                     alternate  rate table B

over 6% to 7%                             alternate  rate table C

over 7% to 8%                             alternate  rate table D

over 8% to 9%                             alternate  rate table E

over 9% to 10%                           alternate  rate table F

over 10%                                      alternate  rate table G

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1971
Volume 707, Page 1751   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 11, 2023
Maryland State Archives