Section 27-3-503 – Payment; Base Rate; Failure to Pay; Rate Variations; Benefit Ratio; New Employer Rate; Special Reserve Rate.
27-3-503. Payment; base rate; failure to pay; rate variations; benefit ratio; new employer rate; special reserve rate. (a) Employment wage contributions imposed under this section are payable by employers subject to this act. Contributions shall be paid to the department for the fund in accordance with regulations of the commission and shall not be deducted […]
Section 27-3-504 – Separate Employer’s Accounts; Charging of Accounts; When Accounts Not Charged.
27-3-504. Separate employer’s accounts; charging of accounts; when accounts not charged. (a) Separate accounts shall be maintained for each employer and benefits paid to an individual shall be charged to the account of his base period employer. (b) If an individual is employed by two (2) or more employers during his base period, the base […]
Section 27-3-505 – Adjustment for Noncharged and Ineffectively Charged Benefits; Adjustment for Positive and Negative Fund Balance; Computations; Exception; Maximum Rate.
27-3-505. Adjustment for noncharged and ineffectively charged benefits; adjustment for positive and negative fund balance; computations; exception; maximum rate. (a) An adjustment factor for noncharged and ineffectively charged benefits shall be computed to the fourth decimal by dividing the total noncharged and ineffectively charged benefits to all employers’ experience rating accounts during the experience rating […]
Section 27-3-506 – Notice of Rates and Charges; Relief, Review or Redetermination.
27-3-506. Notice of rates and charges; relief, review or redetermination. (a) The department shall notify an employer of his contribution rate determined pursuant to this article and of total benefit charges to his account within a reasonable time after the close of each experience period. A base period employer shall be notified of the filing […]
Section 27-3-507 – Person Acquiring Trade of Employing Unit; Transfer of Experience and Assignment of Rates.
27-3-507. Person acquiring trade of employing unit; transfer of experience and assignment of rates. (a) A person acquiring the trade, organization, business or substantially all the assets of an employer subject to this act shall assume the employer’s account, benefit experience and contribution rate. If the acquiring person is an employer subject to this act, […]
Section 27-3-501 – Definitions.
27-3-501. Definitions. (a) As used in this article: (i) “Benefit ratio” means the quotient of total benefits charged to an employer’s account and paid during the preceding experience period divided by total taxable wages payable by the employer for that experience period excluding any portion of wages for which contributions were not paid as of […]
Section 27-3-502 – Determination of Employer and Employment; Election of Coverage; Records and Reports; Injunction; Service Suppliers.
27-3-502. Determination of employer and employment; election of coverage; records and reports; injunction; service suppliers. (a) Upon its own motion or application of an employing unit and after notice and opportunity for hearing, the department may determine if an employing unit is an employer and if services performed for the employing unit qualify as employment. […]