2006 Code of Virginia § 60.2-537 - Reduced tax rate permissible under federal amendment
60.2-537. Reduced tax rate permissible under federal amendment.
Notwithstanding the provisions of 60.2-500 through 60.2-536, if 3303 ofthe Internal Revenue Code is amended so as to allow an additional creditunder 3302 (b) of the Internal Revenue Code to employers not otherwiseeligible for a reduced rate by reason of the lapse of insufficient time sincefirst becoming subject to this title, the Commission, by a regulationpromulgated under 60.2-111, shall fix and determine the tax rate of allsuch employers at such reduced rate as shall then be permissible under suchfederal amendment.
(Code 1950, 60-76.1; 1956, c. 440; 1968, c. 738, 60.1-90; 1986, c. 480.)
Disclaimer: These codes may not be the most recent version. Virginia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
