§40-1-223. Taxable wages - Conditional factors and percentages.

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TAXABLE WAGES – CONDITIONAL FACTORS AND PERCENTAGES.

The applicable percentage of the state’s average annual wage is determined by the conditional factor in place during the calendar year for which the taxable wage is being calculated. The conditional factor is determined pursuant to the provisions of Section 3-113 of this title. The applicable percentages are as follows:

1. Forty percent (40%) during any calendar year in which the balance in the Unemployment Compensation Fund is in excess of the

amount required to initiate conditional contribution rates, pursuant to the provisions of Section 3-113 of this title;

2. Forty-one and one-quarter percent (41.25%) during calendar years in which condition “a” exists;

3. Forty-two and one-half percent (42.5%) during calendar years in which condition “b” exists;

4. Forty-three and three-fourths percent (43.75%) during calendar years in which condition “c” exists; and

5. Forty-five percent (45%) during calendar years in which condition “d” exists. Added by Laws 1983, c. 270, § 2, emerg. eff. June 23, 1983. Amended by Laws 1994, c. 195, § 3, emerg. eff. May 16, 1994; Laws 1998, c. 161, § 2, eff. July 1, 1998; Laws 2016, c. 287, § 2, eff. Nov. 1, 2016; Laws 2022, c. 360, § 7, eff. Nov. 1, 2022; Laws 2025, c. 140, § 1, eff. Nov. 1, 2025.