|Passed by the House February 24, 2003|
Speaker of the House of Representatives
Passed by the Senate March 6, 2003
President of the Senate
I, Cynthia Zehnder, Chief Clerk of the House of Representatives of the State of Washington, do hereby certify that the attached is SUBSTITUTE HOUSE BILL 1832 as passed by the House of Representatives and the Senate on the dates hereon set forth.
Governor of the State of Washington
Secretary of State
State of Washington
|State of Washington||58th Legislature||2003 Regular Session|
READ FIRST TIME 02/21/03.
AN ACT Relating to correcting rate class 16 in schedule B by amending RCW 50.29.025 and making no other changes; amending RCW 50.29.025; creating a new section; and declaring an emergency.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1 RCW 50.29.025 and 2000 c 2 s 4 are each amended to read as
The contribution rate for each employer subject to contributions under RCW 50.24.010 shall be determined under this section.
(1) A fund balance ratio shall be determined by dividing the balance in the unemployment compensation fund as of the September 30th immediately preceding the rate year by the total remuneration paid by all employers subject to contributions during the second calendar year preceding the rate year and reported to the department by the following March 31st. The division shall be carried to the fourth decimal place with the remaining fraction, if any, disregarded. The fund balance ratio shall be expressed as a percentage.
(2) The interval of the fund balance ratio, expressed as a percentage, shall determine which tax schedule in subsection (5) of this section shall be in effect for assigning tax rates for the rate year. The intervals for determining the effective tax schedule shall be:
|Interval of the|
Fund Balance Ratio
Expressed as a Percentage
|2.90 and above||AA|
|2.10 to 2.89||A|
|1.70 to 2.09||B|
|1.40 to 1.69||C|
|1.00 to 1.39||D|
|0.70 to 0.99||E|
|Less than 0.70||F|
|Schedules of Contributions Rates|
for Effective Tax Schedule
NEW SECTION. Sec. 2 Section 1 of this act applies to rate years
beginning on or after January 1, 2003.
NEW SECTION. Sec. 3 This act is necessary for the immediate
preservation of the public peace, health, or safety, or support of the
state government and its existing public institutions, and takes effect