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SUBSTITUTE
HOUSE BILL 1350
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AS
AMENDED BY THE SENATE
Passed
Legislature - 1995 Regular Session
State of Washington 54th
Legislature 1995 Regular Session
By
Read first time 02/16/95.
Authorizing
voluntary contributions for unemployment insurance.
AN ACT
Relating to authorizing voluntary contributions for unemployment insurance;
adding a new section to chapter 50.29 RCW; and creating a new section.
BE IT ENACTED BY THE LEGISLATURE
OF THE STATE OF WASHINGTON:
NEW
SECTION. Sec. 1. A new
section is added to chapter 50.29 RCW to read as follows:
(1)
Beginning with contributions assessed for rate year 1996, a qualified
employer's contribution rate determined under RCW 50.29.025 may be modified as
follows:
(a)
Subject to the limitations of this subsection, an employer may make a voluntary
contribution of an amount equal to part or all of the benefits charged to the
employer's account during the two years most recently ended on June 30th that
were used for the purpose of computing the employer's contribution rate. On
receiving timely payment of a voluntary contribution, plus a surcharge of ten
percent of the amount of the voluntary contribution, the commissioner shall
cancel the benefits equal to the amount of the voluntary contribution,
excluding the surcharge, and compute a new benefit ratio for the employer. The
employer shall then be assigned the contribution rate applicable to the rate
class within which the recomputed benefit ratio is included. The minimum
amount of a voluntary contribution, excluding the surcharge, must be an amount
that will result in a recomputed benefit ratio that is in a rate class at least
two rate classes lower than the rate class that included the employer's
original benefit ratio.
(b)
Payment of a voluntary contribution is considered timely if received by the
department during the period beginning on the date of mailing to the employer
the notice of contribution rate required under this title for the rate year for
which the employer is seeking a modification of his or her contribution rate
and ending on February 15th of that rate year.
(c) A
benefit ratio may not be recomputed nor a contribution rate be reduced under
this section as a result of a voluntary contribution received after the payment
period prescribed in (b) of this subsection.
(2)
This section does not apply to any employer who has not had an increase of at
least six rate classes from the previous tax rate year.
NEW SECTION. Sec. 2. If any
part of this act is found to be in conflict with federal requirements that are
a prescribed condition to the allocation of federal funds to the state or the
eligibility of employers in this state for federal unemployment tax credits,
the conflicting part of this act is hereby declared to be inoperative solely to
the extent of the conflict, and such finding or determination shall not affect
the operation of the remainder of this act. The rules under this act shall
meet federal requirements that are a necessary condition to the receipt of
federal funds by the state or the granting of federal unemployment tax credits
to employers in this state.
