Va. Code § 60.2-531

Current with changes from the 2024 legislative session through ch. 845

Section 60.2-531 - Experience rating tax; table

Subject to the provisions of § 60.2-533, the experience rating tax rate for each employer for the calendar year 1982 and subsequent years shall be the percent in the column corresponding to the employer's benefit ratio, except that if the employer's benefit ratio exceeds 6.2 percent, the column under 6.2 percent shall be the appropriate column, and in the line corresponding to the fund balance factor for the year pursuant to § 60.2-533.

BENEFIT RATIOS IN PERCENTUM	.00	.10	.20	.30	.40	.50	.60	.70
FUND BALANCE FACTOR IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %
115	0.00	0.08	0.16	0.24	0.32	0.40	0.48	0.56
110	0.00	0.08	0.17	0.25	0.34	0.42	0.51	0.59
105	0.00	0.09	0.18	0.27	0.36	0.45	0.54	0.63
100	0.00	0.10	0.20	0.30	0.40	0.50	0.60	0.70
95	0.10	0.10	0.21	0.31	0.42	0.52	0.63	0.73
90	0.10	0.11	0.22	0.33	0.44	0.55	0.66	0.77
85	0.10	0.11	0.23	0.34	0.46	0.57	0.69	0.80
80	0.10	0.12	0.24	0.36	0.48	0.60	0.72	0.84
75	0.10	0.12	0.25	0.37	0.50	0.62	0.75	0.87
70	0.10	0.13	0.26	0.39	0.52	0.65	0.78	0.91
65	0.10	0.13	0.27	0.40	0.54	0.67	0.81	0.94
60	0.10	0.14	0.28	0.42	0.56	0.70	0.84	0.98
55	0.10	0.14	0.29	0.43	0.58	0.72	0.87	1.01
50	0.10	0.15	0.30	0.45	0.60	0.75	0.90	1.05

BENEFIT RATIOS IN PERCENTUM	.80	.90	1.00	1.10	1.20	1.30	1.40	1.50
FUND BALANCE FACTOR IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %
115	0.64	0.72	0.80	0.88	0.96	1.04	1.12	1.20
110	0.68	0.76	0.85	0.93	1.02	1.10	1.19	1.27
105	0.72	0.81	0.90	0.99	1.08	1.17	1.26	1.35
100	0.80	0.90	1.00	1.10	1.20	1.30	1.40	1.50
95	0.84	0.94	1.05	1.15	1.26	1.36	1.47	1.57
90	0.88	0.99	1.10	1.21	1.32	1.43	1.54	1.65
85	0.92	1.03	1.15	1.26	1.38	1.49	1.61	1.72
80	0.96	1.08	1.20	1.32	1.44	1.56	1.68	1.80
75	1.00	1.12	1.25	1.37	1.50	1.62	1.75	1.87
70	1.04	1.17	1.30	1.43	1.56	1.69	1.82	1.95
65	1.08	1.21	1.35	1.48	1.62	1.75	1.89	2.02
60	1.12	1.26	1.40	1.54	1.68	1.82	1.96	2.10
55	1.16	1.30	1.45	1.59	1.74	1.88	2.03	2.17
50	1.20	1.35	1.50	1.65	1.80	1.95	2.10	2.25

BENEFIT RATIOS IN PERCENTUM	1.60	1.70	1.80	1.90	2.00	2.10	2.20	2.30
FUND BALANCE FACTOR IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %
115	1.28	1.36	1.44	1.52	1.60	1.68	1.76	1.84
110	1.36	1.44	1.53	1.61	1.70	1.78	1.87	1.95
105	1.44	1.53	1.62	1.71	1.80	1.89	1.98	2.07
100	1.60	1.70	1.80	1.90	2.00	2.10	2.20	2.30
95	1.68	1.78	1.89	1.99	2.10	2.20	2.31	2.41
90	1.76	1.87	1.98	2.09	2.20	2.31	2.42	2.53
85	1.84	1.95	2.07	2.18	2.30	2.41	2.53	2.64
80	1.92	2.04	2.16	2.28	2.40	2.52	2.64	2.76
75	2.00	2.12	2.25	2.37	2.50	2.62	2.75	2.87
70	2.08	2.21	2.34	2.47	2.60	2.73	2.86	2.99
65	2.16	2.29	2.43	2.56	2.70	2.83	2.97	3.10
60	2.24	2.38	2.52	2.66	2.80	2.94	3.08	3.22
55	2.32	2.46	2.61	2.75	2.90	3.04	3.19	3.33
50	2.40	2.55	2.70	2.85	3.00	3.15	3.30	3.45

BENEFIT RATIOS IN PERCENTUM	2.40	2.50	2.60	2.70	2.80	2.90	3.00	3.10
FUND BALANCE FACTOR IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %
115	1.92	2.00	2.08	2.16	2.24	2.32	2.40	2.48
110	2.04	2.12	2.21	2.29	2.38	2.46	2.55	2.63
105	2.16	2.25	2.34	2.43	2.52	2.61	2.70	2.79
100	2.40	2.50	2.60	2.70	2.80	2.90	3.00	3.10
95	2.52	2.62	2.73	2.83	2.94	3.04	3.15	3.25
90	2.64	2.75	2.86	2.97	3.08	3.19	3.30	3.41
85	2.76	2.87	2.99	3.10	3.22	3.33	3.45	3.56
80	2.88	3.00	3.12	3.24	3.36	3.48	3.60	3.72
75	3.00	3.12	3.25	3.37	3.50	3.62	3.75	3.87
70	3.12	3.25	3.38	3.51	3.64	3.77	3.90	4.03
65	3.24	3.37	3.51	3.64	3.78	3.91	4.05	4.18
60	3.36	3.50	3.64	3.78	3.92	4.06	4.20	4.34
55	3.48	3.62	3.77	3.91	4.06	4.20	4.35	4.49
50	3.60	3.75	3.90	4.05	4.20	4.35	4.50	4.65

BENEFIT RATIOS IN PERCENTUM	3.20	3.30	3.40	3.50	3.60	3.70	3.80	3.90
FUND BALANCE FACTOR IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %
115	2.56	2.64	2.72	2.80	2.88	2.96	3.04	3.12
110	2.72	2.80	2.89	2.97	3.06	3.14	3.23	3.31
105	2.88	2.97	3.06	3.15	3.24	3.33	3.42	3.51
100	3.20	3.30	3.40	3.50	3.60	3.70	3.80	3.90
95	3.36	3.46	3.57	3.67	3.78	3.88	3.99	4.09
90	3.52	3.63	3.74	3.85	3.96	4.07	4.18	4.29
85	3.68	3.79	3.91	4.02	4.14	4.25	4.37	4.48
80	3.84	3.96	4.08	4.20	4.32	4.44	4.56	4.68
75	4.00	4.12	4.25	4.37	4.50	4.62	4.75	4.87
70	4.16	4.29	4.42	4.55	4.68	4.81	4.94	5.07
65	4.32	4.45	4.59	4.72	4.86	4.99	5.13	5.26
60	4.48	4.62	4.76	4.90	5.04	5.18	5.32	5.46
55	4.64	4.78	4.93	5.07	5.22	5.36	5.51	5.65
50	4.80	4.95	5.10	5.25	5.40	5.55	5.70	5.85

BENEFIT RATIOS IN PERCENTUM	4.00	4.10	4.20	4.30	4.40	4.50	4.60	4.70
FUND BALANCE FACTOR IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %
115	3.20	3.28	3.36	3.44	3.52	3.60	3.68	3.76
110	3.40	3.48	3.57	3.65	3.74	3.82	3.91	3.99
105	3.60	3.69	3.78	3.87	3.96	4.05	4.14	4.23
100	4.00	4.10	4.20	4.30	4.40	4.50	4.60	4.70
95	4.20	4.30	4.41	4.51	4.62	4.72	4.83	4.93
90	4.40	4.51	4.62	4.73	4.84	4.95	5.06	5.17
85	4.60	4.71	4.83	4.94	5.06	5.17	5.29	5.40
80	4.80	4.92	5.04	5.16	5.28	5.40	5.52	5.64
75	5.00	5.12	5.25	5.37	5.50	5.62	5.75	5.87
70	5.20	5.33	5.46	5.59	5.72	5.85	5.98	6.11
65	5.40	5.53	5.67	5.80	5.94	6.07	6.20	6.20
60	5.60	5.74	5.88	6.02	6.16	6.20	6.20	6.20
55	5.80	5.94	6.09	6.20	6.20	6.20	6.20	6.20
50	6.00	6.15	6.20	6.20	6.20	6.20	6.20	6.20

BENEFIT RATIOS IN PERCENTUM	4.80	4.90	5.00	5.10	5.20	5.30	5.40	5.50
FUND BALANCE FACTOR IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %
115	3.84	3.92	4.00	4.08	4.16	4.24	4.32	4.40
110	4.08	4.16	4.25	4.33	4.42	4.50	4.59	4.67
105	4.32	4.41	4.50	4.59	4.68	4.77	4.86	4.95
100	4.80	4.90	5.00	5.10	5.20	5.30	5.40	5.50
95	5.04	5.14	5.25	5.35	5.46	5.56	5.67	5.77
90	5.28	5.39	5.50	5.61	5.72	5.83	5.94	6.05
85	5.52	5.63	5.75	5.86	5.98	6.09	6.20	6.20
80	5.76	5.88	6.00	6.12	6.20	6.20	6.20	6.20
75	6.00	6.12	6.20	6.20	6.20	6.20	6.20	6.20
70	6.20	6.20	6.20	6.20	6.20	6.20	6.20	6.20
65	6.20	6.20	6.20	6.20	6.20	6.20	6.20	6.20
60	6.20	6.20	6.20	6.20	6.20	6.20	6.20	6.20
55	6.20	6.20	6.20	6.20	6.20	6.20	6.20	6.20
50	6.20	6.20	6.20	6.20	6.20	6.20	6.20	6.20

BENEFIT RATIOS IN PERCENTUM	5.60	5.70	5.80	5.90	6.00	6.10	6.20
FUND BALANCE FACTOR IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %	TAX RATE IN %
115	4.48	4.56	4.64	4.72	4.80	4.88	5.40
110	4.76	4.84	4.93	5.01	5.10	5.18	5.40
105	5.04	5.13	5.22	5.31	5.40	5.49	5.58
100	5.60	5.70	5.80	5.90	6.00	6.10	6.20
95	5.88	5.98	6.09	6.19	6.20	6.20	6.20
90	6.16	6.20	6.20	6.20	6.20	6.20	6.20
85	6.20	6.20	6.20	6.20	6.20	6.20	6.20
80	6.20	6.20	6.20	6.20	6.20	6.20	6.20
75	6.20	6.20	6.20	6.20	6.20	6.20	6.20
70	6.20	6.20	6.20	6.20	6.20	6.20	6.20
65	6.20	6.20	6.20	6.20	6.20	6.20	6.20
60	6.20	6.20	6.20	6.20	6.20	6.20	6.20
55	6.20	6.20	6.20	6.20	6.20	6.20	6.20
50	6.20	6.20	6.20	6.20	6.20	6.20	6.20

Va. Code § 60.2-531

1981, c. 606, § 60.1-84.1; 1986, c. 480; 1987, c. 114; 1988, c. 766; 1995, c. 515.

Amended by Acts 1995, § c.515.

Amended by Acts 1988, § c. 766.

Amended by Acts 1987, § c. 114.

Amended by Acts 1986, § c. 480.

Amended by Acts 1981, § c. 606, §60.1-84.1.