1754                            Laws of Maryland                      [Ch. 790

charged against the account of any employer in any computation
made for any fiscal year commencing after the date of said deter-
mination by the Executive Director, provided no benefit charges shall
be removed from the employer's account if the payment of such bene-
fits was made as a direct or indirect result of the employer's failure
to provide information to the Executive Director as required by this
article or the regulations promulgated pursuant thereto.

[(7)] (9) As used in this subsection:

(i) The term "fiscal year" means the twelve-month period from
July 1 of each year through June 30 of the next year.

(ii) The term "computation date" with respect to rates of con-
tribution for any fiscal year means March 31 of the preceding fiscal
year.

(iii) The term "annual payroll" means the total amount of wages
for employment paid by an employer within any calendar year with
respect to which contributions have been paid on or before the compu-
tation date.

(iv) The term "principal base period employer" means the em-
ployer by whom an individual was paid the largest amount of his
base period wages.

(v) The term "base period wages" means the wages paid to an
individual during his base period for insured work.

(d) Financing benefits paid to employees of non-profit organiza-
tions—Benefits paid to employees of non-profit organizations shall
be financed in accordance with the provisions of this subsection.

(1)    For purposes of this subsection and subsection (e) a non-
profit organization is an organization (or group of organizations)
described in Section 501 (c) (3) of the United States Internal Revenue
Code which is exempt from income tax under Section 501 (a) of the
SUCH Code.

(2)    Any non-profit organization which, pursuant to Section 20
(9)(7) of this article is or becomes subject to this article on or
after January 1, 1972, shall pay contributions under the provisions
of subsections (a), (b) and (c) hereof, unless it elects in accordance
with this paragraph, to pay to the Executive Director for the unem-
ployment insurance fund an amount equal to the amount of regular
benefits and one-half of the extended benefits paid, that is attributa-
ble to service in the employ of such non-profit organization, to
individuals for weeks of unemployment which begin during the effec-
tive period of that election.

(i) Any non-profit organization which is, or becomes, subject to
this act on January 1, 1972, may elect to become liable for payments
in lieu of contributions for a period of not less than one taxable
year beginning January 1, 1972, provided it files with the Executive
Director a written notice of its election within the 30-day period
immediately following the date or within a like period immediately
following the date of enactment of this subparagraph, whichever
occurs later.

(ii) Any non-profit organization which becomes subject to this
act after January 1, 1972, may elect to become liable for payments
in lieu of contributions for a period of not less than 12 months