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1997 SESSION

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SB 960 Unemployment compensation; tax rates for new employers.

Introduced by: Jackson E. Reasor, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Unemployment compensation; tax rates for new employers. Extends until January 1, 2000, current statutory provisions prescribing unemployment tax rates for employers new to the Virginia unemployment compensation program. Legislation passed in 1995 eliminated a three-year 2.5% flat rate and allowed new employers to be experience-rated at an earlier time. These provisions will expire on January 1, 1998, unless extended by the passage of this bill.


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