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Ch. 71
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542
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LAWS OF MARYLAND
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exceed an increase of 1.5 1.7 percent AND FOR THE FISCAL YEAR
BEGINNING ON JULY 1, 1983, AN EMPLOYER'S CONTRIBUTION RATE MAY
NOT EXCEED 5.6 PERCENT.
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 paid in a calendar year by all employers subject to this
article, except employers who elect to be liable for payments in
lieu of contributions.
SCHEDULE OF BASIC RATE ADJUSTMENTS
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When Ratio Between Fund Balance
on Computation Date and Total
Taxable Wages for Prior Year Is
A up to 3.6%
B 3.6% but less than 3.7%
C 3.7% but less than 3.8%
D 3.8% but less than 3.9%
E 3.9% but less than 4.0%
F 4.0% but less than 4.1%
G 4.1% but less than 4.2%
H 4.2% but less than 4.3%
I 4.3% but less than 4.4%
J 4.4% but less than 4.5%
K 5.5% but less than 6.0%
L 6.0% but less than 6.5%
M 6.5% but less than 7.0%
N 7.0% but less than 7.5%
0 7.5% but less than 8.0%
P 8.0% but less than 8.5%
Q 8.5% or over
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Employer's Contribution
Basic Rate Shall
Increase by 2.7%
Increase by 2.4%
Increase by 2.1%
Increase by 1.8%
Increase by 1.5%
Increase by 1.2%
Increase by .9%
Increase by . 6%
Increase by .3%
Increase by .1%
Decrease by .3%
Decrease by .6%
Decrease by .9%
Decrease by 1.2%
Decrease by 1.5%
Decrease by 1.8%
Decrease by 2.1%
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(9) As used in this subsection:
(ii) The term "computation date" with respect
to rates of contribution for any fiscal year means [March 31] MAY
31 of the preceding fiscal year.
(d) Benefits paid to employees of nonprofit organizations
shall be financed in accordance with the provisions of this
subsection.
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(1) Nonprofit Organization Defined. For purpose of
this subsection and subsection (e) a nonprofit organization is an
organization (or group of organizations) described in § 501(c)(3)
of the United States Internal Revenue Code which is exempt from
income tax under § 501(a) of such Code.
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