Ineligibility for rate calculation, rate used, positive and negative experience rate account balances
This law is about the tax rate that employers pay into the unemployment system. If an employer was once eligible to have their rate calculated but then lost that eligibility because they did not have 12 straight months of account activity before the calculation date, their rate gets set at a minimum amount. If the employer had more money in their account than owed, their minimum rate is 2.7%. If the employer owed more than they had in their account, their minimum rate is 5.4%.
288.126. Ineligibility for rate calculation, rate used, positive and s. — 1. If an employer with a is not eligible for a rate calculation after once becoming eligible because the employer did not have twelve months immediately preceding the throughout which its account could have been , such employer's rate shall be no less than two and seven-tenths percent.
2. If an employer with a is not eligible for a rate calculation after once becoming eligible because the employer did not have twelve consecutive calendar months immediately preceding the calculation date throughout which its account could have been charged with benefits, such employer's rate shall be no less than five and four-tenths percent.
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Source & history notes
(L. 1951 p. 564 § 288.110, A.L. 1957 p. 531, A.L. 1965 p. 420, A.L. 1965 2d Ex. Sess. p. 927, A.L. 1967 p. 396 § 288.120.3 and p. 401, A.L. 1975 S.B. 276, A.L. 1984 H.B. 1251 & 1549, A.L. 1994 S.B. 561, A.L. 1998 S.B. 922, A.L. 1999 H.B. 162 merged with S.B. 32)
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