|
BLAIR LEE III, Acting Governor 2359
|
.0145-.0153
.0154.0162
|
1.8%
1.9%
|
.0370.0378
.0379.0387
|
4.3%
4.4%
|
|
.0163-.0171
|
2.0%
|
.0388.0396
|
4.5%
|
|
.0172-.0180
|
2.1%
|
.0397.0405
|
4.6%
|
|
.0181-.0189
|
2.2%
|
.0406.0414
|
4.7%
|
|
.0190.0198
|
2.3%
|
.0415.0423
|
4.8%
|
|
.0199.0207
-0208.0216
|
2.4%
2.5%
|
.0424.0432
.0433AND OVER
|
4.9%
5.0%
|
THE MAXIMUM BASIC CONTRIBUTION RATE FOR FISCAL YEARS
BEGINNING ON OR AFTER JULY 1, 1978 SHALL BE AS FOLLOWS:
MAXIMUM BASIC
FISCAL YEAR BEGINNING CONTRIBUTION RATE
JULY 1, 1978 4.2%
JULY 1, 1979 4.6%
JULY 1, 1980 5.0%
The basic rates in the above table INCREASED BY 1.5 2.0
PERCENT shall apply for the fiscal year beginning [July 1,
1972, and for] JULY 1, 1978 PROVIDED, HOWEVER, THAT IN NO
EVENT SHALL AN EMPLOYER BE REQUIRED TO PAY A TOTAL
CONTRIBUTION RATE GREATER THAN 5.0 PERCENT. FOR any fiscal
year beginning on or after [July 1, 1973,] JULY 1, 1979
when the fund balance on the computation date equals or
exceeds [3%] 2.3 4.5 PERCENT but is not in excess of [4.5%]
3.1 5.5 PERCENT of the total [taxable] wages IN COVERED
EMPLOYMENT for the immediately preceding calendar year, THE
TABLE OF BASIC RATES SHALL APPLY.
For any fiscal year beginning on or after [July 1,
1973] JULY 1, 1979, when the fund balance on the computation
date is less than [3%] 2.3 4.5 PERCENT or equals or is in
excess of [4.5%] 3.1 5.5 PERCENT of the total [taxable]
wages IN COVERED EMPLOYMENT for the immediately preceding
calendar year, the rates at which employers shall be
required to pay contributions shall be in accordance with
the table of basic rates, adjusted as shown in the table of
basic rate adjustments set forth below, but in no event
shall an employer be granted less than an [0.1% nor more
than 3.6%] 0.1 PERCENT NOR MORE THAN 5.0 PERCENT 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 insurance fund, including amounts
receivable by the fund as federal reimbursements for
sharable benefits under the "Federal-State Extended
Unemployment Compensation Act of 1970" and all amounts
receivable from any eligible employer who elects to
reimburse the fund for benefit charges to his account in
lieu of contributions and the term "total [taxable]
wages" means [the wages] REMUNERATION paid in a calendar
year by all employers subject to this article[, which wages
were subject to contributions and reported to the Executive
Director], EXCEPT THE TERM DOES NOT INCLUDE REMUNERATION BY
THE STATE, ANY POLITICAL SUBDIVISION OR ANY GOVERNMENTAL OR
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