§ 28-43-8.5 - Job development assessment.
SECTION 28-43-8.5
§ 28-43-8.5 Job development assessment.– For the tax year 2001 and subsequent tax years each employer subject to thischapter shall be required to pay a job development assessment of twenty-onehundredths of one percent (0.21%) of that employer's taxable payroll, inaddition to any other payment which that employer is required to make under anyother provision of this chapter; provided, that the assessment shall not beconsidered as part of the individual employer's contribution rate for thepurpose of determining the individual employer's balancing charge pursuant to§ 28-43-9. The tax rate for all employers subject to the contributionprovisions of chapters 42 – 44 of this title shall be reduced bytwenty-one hundredths of one percent (0.21%).