6413 AMS PELZ S5331.1

SB 6413 - S AMD -148

By Senators Pelz and Deccio

    On page 2, beginning on line 3, after "year" strike all material through "successor))" on line 6, and insert "((and continuing until the successor qualifies for a different rate in its own right)).  Any experience relating to the assignment of that rate class attributable to the predecessor is transferred to the successor.  For transfers on or after January 1, 1997, and beginning with the January 1 following the transfer, the successor's contribution rate shall be based on the transferred experience of the acquired business and the successor's experience after the transfer"

    On page 2, line 22, after "acquisition" insert ", but not less than one percent"

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