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1995 SESSION

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SB 594 Workers' compensation; tax against payroll of self-insurers.

Introduced by: Thomas K. Norment, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Workers' compensation; tax against payroll of self-insurers. Changes the formula used to calculate self-insured employers' payments to the workers' compensation administrative fund. Currently, self-insured employers may be assessed a maintenance fund tax against their payroll of 2 1/2 percent of basic premiums chargeable against the same or most similar industry or business, taken from the manual insurance rate for compensation then in force in the Commonwealth. This bill substracts from such basic premiums any returned premiums and excess insurance premiums paid or payable as the amount against which the 2 1/2 percent tax is computed.

FULL TEXT

• 01/25/94  Senate: Presented and ordered printed  pdf

HISTORY

• 01/25/94  Senate: Presented and ordered printed
• 01/25/94  Senate: Referred to Committee on Commerce and Labor
• 02/16/94  Senate: Continued to 1995 in Commerce and Labor (7-Y 6-N 1-A)
• 12/20/94  Senate: Left in Commerce and Labor