Page:United States Statutes at Large Volume 68 Part 1.djvu/1023

 68

STAT.]

PUBLIC LAW 721-AUG. 31, 1954

year shall be his rate with respect to the period iimiiediately preceding his date of acquisition. If the successor was not an employer prior to the date of transfer, his rate shall be the rate applicable to the transferor or transferors with respect to the period immediately preceding the date of transfer: Provided, That there was only one transferor or there were only transferors with identical rates; if the transferor rates were not identical, the successor's rate shall be the highest rate applicable to any of the transferors with respect to the period immediately preceding the date of transfer. The rate of the transferor, if still subject to the Act, will not be redetermined and shall remain the rate with respect to the period innnediately preceding the date of transfer. "For future years, for the purposes of section 3(c), the Board shall determine the 'experience under this section' of the successor employer's account and of the transferring employer's account by allocating to the successor employer's account for each period in question the respective proportions of the transferring employer's payroll, contributions, and the benefit charges which the Board determines to be properly assignable to the business transferred." Section 3(c)(7) (^) is hereby repealed. Section 3(c)(8)(i) is amended to read as follows: " (i) If as of the computation date the total of all contributions credited to any employer's account, with respect to employment since May 31, 1939, is in excess of the total benefits paid after June 30, 1939, then chargeable or charged to his account, such excess shall be known as the employer's reserve, and his contribution rate for the ensuing calendar year or part thereof shall be— " (A) 2.7 per centum if such reserve is less than 0.9 per centum of his average annual payroll; " (B) 2 per centum if such reserve equals or exceeds 0.9 per centum but is less than 1.4 per centum of his average annual payroll; " (C) 1.5 per centum if such reserve equals or exceeds 1.4 per centum but is less than 1.9 per centum of his average annual payroll; " (D) 1 per centum if such reserve equals or exceeds 1.9 per centum but is less than 2.9 per centum of his average annual payroll; " (E) 0.5 per centum if such reserve equals or exceeds 2.9 per centum but is less than 3.4 per centum of his average annual payroll; " (F) 0.1 per centum if such reserve equals or exceeds 3.4 per centum of his average annual payroll." Section 3(c) (10) is amended by substituting the word "thirty" for the word "fifteen" in the second and seventh sentences thereof. Section 3 is amended by adding at the end thereof the following new subsections: "(e) From December 31, 1939, to January 1, 1955, wages, for the purpose of section 3, shall not include any amount in excess of $3,000 paid by an employer to any person arising out of his or her employment during any calendar year. After December 31, 1954, wages shall not include any amount in excess of $3,000 (or in excess of the limitation on the amount of taxable wages fixed by the Federal Unemployment Tax Act (26 U. S. C 1600, 1607), whichever is greater) actually paid by an employer to any person during any calendar year. After December 31, 1954, the term 'employment' for the purpose of this subsection shall include services constituting employment under any employment security law of another State or of the Federal Government. "(f) In the event the District of Columbia should* elect to cover employees under this Act under the provisions of section 1(b)(8)

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60 Stat. 528. D. C. Code 4(5303. 57 Stat. 107. C ontribution rate.

Application for review.

Wage limitation.

68A Stat. 439.

D. C. payments. Ante, p. 988.

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