S.B. 184

VETOES

SCHEDULE OF BASIC RATE ADJUSTMENTS

When Ratio Between Fund Balance                                                   Employing Unit's

on September 30 and Total                                                               Contribution

Taxable Wages for Prior Year Is:                                                       Basic Rate Shall:

(1)      up to 2.8%                                                                   Increase by [1.9%] 1.7%

(2)      2.8% but less than 2.9%                                              Increase by [1.9%] 1.7%

(3)      2.9% but less than 3.0%                                              Increase by [1,8%] 1.7%

SECTION 2. AND BE IT FURTHER ENACTED, That this Act does not affect
the changes to § 8 612 of the Labor and Employment Article that will take effect on
January 1, 1995, and thereafter, pursuant to Chapter 554 of the Acts of the General
Assembly of 1992.

SECTION 2. AND BE IT FURTHER ENACTED, 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.

SCHEDULE OF BASIC RATE ADJUSTMENTS

When Ratio Between Fund Balance                                                   Employing Unit's

on September 30 and Total                                                               Contribution

Taxable Wages for Prior Year Is:                                                       Basic Rate Shall:

(1)      up to 2.8%               Increase by [2.0%] 1.7%

(2)      2.8% but less  than  2.9%                                              Increase by [1.9%] 1.7%

(3)      2.9% but less  than  3.0%                                              Increase by [1.8%] 1.7%
(4)       3.0% but less  than  3.1%                                                             Increase by 1.7%

(37)    7.1% but less than  7.2%                                                           Decrease by 1.7%

(38)     7.2% but less than  7.3%                       Decrease by [1.8%] 1.7%

(39)    7.3% but less than  7.4%                                              Decrease by [1.9%] 1.7%
(40)    7.4% and over                                 Decrease by [2.0%] 1.7%

SECTION 2. AND BE IT FURTHER ENACTED, That notwithstanding the
provisions of Sections 7 and 15 of Chapter 554 of the Acts of the General Assembly of 1992,
this Act shall remain in effect until the end of December 31, 1995; and further, that the
provisions of § 8-612(e) of the Labor and Employment Article, as enacted by Section 7 of
Chapter 554 of the Acts of the General Assembly of 1992, shall take effect on January 1, 1996.

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