Page:United States Statutes at Large Volume 95.djvu/904

 95 STAT. 878

42 USC 1321.

PUBLIC LAW 97-35—AUG. 13, 1981 "(A) IN GENERAL.—The benefit cost ratio for any calendar year is the percentage determined by dividing— "(i) the sum of the total of the compensation paid under the State unemployment compensation law during such calendar year and any interest paid during such calendar year on advances made to the State under title XII of the Social Security Act, by "(ii) the total amount of the remuneration subject to contributions under the State unemployment compensation law with respect to such calendar year (determined without regard to any limitation on the amount of remuneration subject to contribution under the State law). "(B) REIMBURSABLE BENEFITS NOT TAKEN INTO ACCOUNT.—

26 USC 3304 "°^®

26 USC 3302 ^°^^-

For purposes of subparagraph (A), compensation shall not be taken into account to the extent— "(i) the State is entitled to reimbursement for such compensation under the provisions of any Federal law, or "(ii) such compensation is attributable to services performed for a reimbursing employer. "(C) REIMBURSING EMPLOYER.—The term 'reimbursing employer' means any governmental entity or other organization (or group of governmental entities or any other organizations) which makes reimbursements in lieu of contributions to the State unemployment fund. "(D) SPECIAL RULES FOR YEARS BEFORE 1985.— "(i) TAXABLE YEAR 1983.—For purposes of determining whether a State meets the requirements of paragraph (2)(C) for taxable year 1983, only regular compensation (as defined in section 205 of the Federal-State Extended Unemployment Compensation Act of 1970) shall be t a k e n into account for purposes of determining the benefit ratio for any preceding calendar year before 1982. "(ii) TAXABLE YEAR 1984.—For purposes of determin-

ing whether a State meets the requirements of paragraph (2)(C) for taxable year 1984, only regular compensation (as so defined) shall be taken into account for purposes of determining the benefit ratio for any preceding calendar year before 1981. "(E) ROUNDING.—If any percentage determined under subparagraph (A) is not a multiple of.1 percent, such percentage shall be reduced to the nearest multiple of.1 percent. "(6) REPORTS.—The Secretary of Labor may, by regulations, require a State to furnish such information at such time and in such manner as may be necessary for purposes of this subsection. "(7) DEFINITIONS AND SPECIAL RULES.—The definitions and special rules set forth in subsection (d) shall apply to this subsection in the same manner as they apply to subsection (c).". (b) EFFECTIVE DATE.—The amendment made by subsection (a) shall apply to taxable years beginning after December 31, 1980.

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