New Hampshire Revised Statutes 282-A:85 – Standard Rate and Qualification for Reduced Merit Rate
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I. The standard contribution rate as required by the Federal Unemployment Tax Act shall be 5.4 percent.
II. No employer shall be entitled to a reduced merit rate under N.H. Rev. Stat. § 282-A:87, I for any fiscal year unless, as of April 30 preceding said fiscal year, the employer has properly and duly submitted reports and contributions required and previously due under the provisions of this chapter.
III. No employer assigned an earned rate under N.H. Rev. Stat. § 282-A:87, II or II-a shall be assigned a rate less than the maximum in that paragraph for any fiscal year effective with the fiscal year beginning July 1, 1995, unless as of April 30 preceding said fiscal year the employer has properly and duly submitted reports and contributions previously due under this chapter.
II. No employer shall be entitled to a reduced merit rate under N.H. Rev. Stat. § 282-A:87, I for any fiscal year unless, as of April 30 preceding said fiscal year, the employer has properly and duly submitted reports and contributions required and previously due under the provisions of this chapter.
Terms Used In New Hampshire Revised Statutes 282-A:85
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
III. No employer assigned an earned rate under N.H. Rev. Stat. § 282-A:87, II or II-a shall be assigned a rate less than the maximum in that paragraph for any fiscal year effective with the fiscal year beginning July 1, 1995, unless as of April 30 preceding said fiscal year the employer has properly and duly submitted reports and contributions previously due under this chapter.