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2005 SESSION
(SB1201)AMENDMENT(S) PROPOSED BY THE SENATE
COMMERCE AND LABOR
1. Line 170, introduced, after line 169
insert
4. That for the purposes of this act the term “rate year” shall mean the 12 consecutive calendar month period ending June 30 for which the employer’s benefit charges are divided by the total of his payroll for the same period to determine his benefit ratio for the succeeding calendar year; however, nothing contained herein shall prohibit the Commission from applying tax rates on a calendar year basis.
5. That the provisions of §§ 60.2-536.1 and 60.2-536.3 of the Code of Virginia shall become effective in the first rate year as set forth in P.L. 108-295 Section 2.(c).