PARRIS N. GLENDENING, Governor

Ch. 611

(ii) reported taxable wages on or before the computation date
immediately following each of the 3 calendar years.

(3) An employing unit that does not qualify under paragraph (2) of this
subsection qualifies if:

(i) throughout the calendar year immediately preceding the
computation date, the employing unit had an earned rating record that was chargeable
with benefits;

(ii) during each of the 2 calendar years immediately preceding the
computation date, the employing unit reported taxable wages on or before the
computation date immediately following each of the 2 calendar years.

(c) If an employing unit has met each of the requirements to qualify for an earned
rate but failed to file contribution reports on or before the appropriate computation date,
the Secretary shall assign the employing unit a contribution rate that is the earned rate of
the employing unit or the standard rate of contribution, whichever is greater.

8-610.5.

(A)     (1) IN THIS SECTION THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

(2)     "SUCCESSOR EMPLOYER" MEANS AN EMPLOYER THAT:

(I)      ACQUIRES, BY SALE OR OTHERWISE, ALL OR PART OF THE
ASSETS, BUSINESS, ORGANIZATION, OR TRADE OF AN EXISTING EMPLOYER; AND

(II)    WAS NOT AN EMPLOYING UNIT BEFORE ACQUIRING THE
ASSETS, BUSINESS, ORGANIZATION, OR TRADE OF THE PREDECESSOR EMPLOYER.

(3)     "NEW EMPLOYER" MEANS AN EMPLOYING UNIT THAT DOES NOT
QUALIFY FOR AN EARNED RATE UNDER § 8-610 OF THIS SUBTITLE

(B)     A SUCCESSOR EMPLOYER SHALL BE ASSIGNED A CONTRIBUTION RATE
ACCORDING TO SUBSECTION (C) OF THIS SECTION.

(C)     DURING THE FIRST FISCAL YEAR OF THE ACQUISITION OF THE ASSETS,
BUSINESS, ORGANIZATION, OR TRADE, THE SUCCESSOR EMPLOYER SHALL ELECT
TO:

(1)     ASSUME THE EXPERIENCE AND CONTRIBUTION RATE OF THE
PREDECESSOR EMPLOYER; OR

(2)     BE CONSIDERED A NEW EMPLOYER AND BE ASSIGNED A
CONTRIBUTION RATE IN ACCORDANCE WITH § 8-609 OF THIS SUBTITLE FOR THE
FIRST 2 YEARS AFTER THE ACQUISITION OF THE BUSINESS.

8-613.

(a) (1) In this section the following terms have the meanings indicated.

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