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1999 SESSION
HB 2130 Unemployment compensation; tax rates for new employers.
Introduced by: John H. Rust, Jr. | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Unemployment compensation; tax rates for new employers. Repeals the sunset provision on the current statutory provisions prescribing unemployment tax rates for employers new to the Virginia unemployment compensation program. Legislation passed in 1995 replaced a three-year 2.5 percent flat rate and allowed new employers to be experience-rated at an earlier time. These provisions will presently expire on January 1, 2000.
SUMMARY AS INTRODUCED:
Unemployment compensation; tax rates for new employers. Repeals the sunset provision on the current statutory provisions prescribing unemployment tax rates for employers new to the Virginia unemployment compensation program. Legislation passed in 1995 replaced a three-year 2.5% flat rate and allowed new employers to be experience-rated at an earlier time. These provisions will presently expire on January 1, 2000.