Effect of amendments to related federal law
This law is about what happens if certain federal laws change. If the federal government raises the limit on a tax credit for employers, Missouri's unemployment tax rate goes up to match it automatically. If federal law changes to let Missouri use unemployment tax money to pay for running the unemployment office, Missouri will make that change too. And if the federal unemployment tax goes away entirely so employers can no longer get a tax credit, Missouri's unemployment law stops working altogether.
288.350. Effect of amendments to related federal law. — 1. If the is amended to a maximum rate of against said federal tax higher than the ninety percent maximum rate of credit now permitted under section 1601(c) of the Internal Revenue Code (26 U.S.C.A. Sec. 1601), to an employer with respect to any state whose on under said law is more than two and seven-tenths percent, in that event the standard contribution rate as to all employers under this law shall, by , be increased from two and seven-tenths percent on payroll to that percentage on payroll which corresponds to the higher maximum rate of credit thus permitted against the federal un tax; and such increase shall become effective on the same date as such higher maximum rate of credit becomes permissible under such federal amendment.
2. If section 303(a)(5) of III of the (42 U.S.C.A. Sec. 503) and section 1603(a)(4) of the Internal Revenue Code (26 U.S.C.A. Sec. 1603) are amended to permit a to use, in financing incurred in carrying out its , some part of the moneys collected or to be collected under a state unemployment insurance law, in partial or complete for under said Title III, in that event this law shall, by division rule, be in the manner and to the extent and within the limits necessary to permit such use by the division under this law; and such modifications shall become effective on the same date as such use becomes permissible under such federal amendments.
3. If the tax imposed by Title IX of the Federal Social Security Act or any amendments , or any other federal tax against which under this law may be credited shall, for any cause become , with the result that no portion of the contributions required under this law may be credited against such federal tax, then this law by virtue of that fact shall be from operation.
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Source & history notes
(L. 1951 p. 564 § 288.230)
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