341.272 Contribution rate of new employer engaged in contract construction
172 words·~1 min read·
/ky/341-272A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
trades.
(1)Notwithstanding any section of this chapter to the contrary, on or after July 15,
1984, any new domestic corporation, or any foreign corporation authorized to do
business in this state, or any foreign corporation active in conjunction with a
domestic corporation in a joint venture, partnership or other legal entity engaged in
the contract construction trades shall pay contributions equal to the maximum rate
of contributions payable under the rate schedule in effect for any given calendar
year as determined by KRS 341.270; and, such maximum rate of contributions shall
remain in effect until the employer has employed persons in this state for not less
than twelve
(12)consecutive calendar quarters ending as of June 30 immediately
preceding the computation date. Thereafter, such employer's contribution rate shall
be determined in accordance with the provisions of KRS 341.270(4).
(2)On or after January 1, 1989, any new domestic or foreign proprietorship or
partnership engaged in the contract construction trades shall be subject to the
provisions of subsection
(1)of this section.