SCS/SB 319 - This act provides for the recalculation of rates and liabilities for transfers of a trade or business between common owners. The act provides new employer-rate assignments for individuals, organizations and employing units that acquire a business solely or primarily for the purpose of obtaining a lower rate of contribution. There are penalties for knowingly violating or attempting to violate the provisions of this act or any other provision relating to unemployment compensation including assignment to the maximum base rate and civil monetary penalties.


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