Vermont Statutes Title 21 Sec. 1386
Terms Used In Vermont Statutes Title 21 Sec. 1386
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Contributions: means the money payments to the State Unemployment Compensation Fund required by this chapter. See
- Dependent: A person dependent for support upon another.
- Fund: means the Unemployment Compensation Fund established by this chapter, to which all contributions required and from which all benefits provided under this chapter shall be paid. See
- Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
- said: when used by way of reference to a person or thing shall apply to the same person or thing last mentioned. See
- State: means the states of the United States of America, the Commonwealth of Puerto Rico, the District of Columbia, and after December 31, 1977, the Virgin Islands. See
§ 1386. Operation dependent upon federal act
It is hereby declared to be the legislative judgment that the expediency and beneficial operation of this chapter are dependent upon the effective operation within this State of certain sections of the Federal Unemployment Tax Act, and amendments thereto: (1) section 3301 of said Act imposing an excise tax upon employers as defined in said Act; (2) section 3302 allowing against said tax credits for contributions exacted of employers for an unemployment fund whether or not exacted in full of the particular taxpayer under certain circumstances; (3) section 3303 prescribing the conditions upon which said credits may be allowed in addition to actual payments by said taxpayer; (4) sections 3303 and 3304 requiring the certification for the purpose of said credits of state law and prescribing the conditions precedent of such certification. If any of said sections shall be repealed, amended, suspended, or finally declared invalid so as to deprive a contributor under this act of credits against the excise tax against him or her under said section 3301 of the Federal Unemployment Tax Act, then any contribution required by this chapter, to the extent that by reason of said repeal, amendment, suspension, or declared invalidity of said federal act, a contributor is deprived of the benefit of such credit, shall be suspended as provided in section 1387 of this title.