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WILLIAM DONALD SCHAEFER, Governor
S.B. 184
Unemployment Insurance - Employer's Basic Rate - Surcharge
FOR the purpose of limiting for a certain period for a certain period the amount of a
surcharge that may be added to or subtracted from an employer's basic rate of
contribution to the Maryland Unemployment Insurance Fund; providing for the
application of this Act; providing for the application of this Act; making this Act an
emergency measure; providing for the termination of this Act; and generally relating to
contribution rates to the Unemployment Insurance Fund.
BY repealing and reenacting, with amendments,
Article - Labor and Employment
Section 8-612(e)(1), (2), and (3)
Annotated Code of Maryland
(1991 Volume and 1993 Supplement)
(As enacted by Chapter 554, Section 6 of the Acts of the General Assembly of 1992)
BY repealing and reenacting, with amendments,
Article - Labor and Employment
Section 8-612(e)(1), (2), (3), (38), (39), and (40)
Annotated Code of Maryland
(1991 Volume and 1993 Supplement)
(As enacted by Chapter 554, Section 7 of the Acts of the General Assembly of 1992)
BY repealing and reenacting, without amendments,
Article - Labor and Employment
Section 8-612(e)(4) and (37)
Annotated Code of Maryland
(1991 Volume and 1993 Supplement)
(As enacted by Chapter 551, Section 7 of the Acts of the General Assembly of 1992)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Labor and Employment
8-612.
(e) For any calendar year beginning on or after January 1, 1992, when the
Unemployment Insurance Fund balance on September 30 of the immediately preceding
calendar year is less than 4.7% or equals or is in excess of 5.5% of the total taxable wages
in covered employment for the 4 completed calendar quarters immediately preceding
September 30, the rates at which employers shall be required to pay contributions shall be
determined by using the Table of Basic Rates under subsection (d) of this section
adjusted as shown in the Schedule of Basic Rate Adjustments set forth below.
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