§ 22-4-10-5 — Voluntary payments

Any employer may make voluntary payments
in addition to the contributions required under this article, and the same
shall be credited to its experience account. The voluntary contributions
shall not be used in the computation of reduced rates unless the
contributions are paid prior to the expiration of one hundred twenty
(120) days after the beginning of the year for which the rates are
effective. The payments shall be included in the experience account as
of the computation date only if they are made within thirty (30) days
following the date upon which the department sends notice that the
payments may be made with respect to a calendar year. The voluntary
payments when accepted from an employer will not be refunded in
whole or in part.
Formerly: Acts 1947, c.208, s.1006; Acts 1951, c.295, s.8. As
amended by P.L.144-1986, SEC.100; P.L.18-1987, SEC.35;
P.L.122-2019, SEC.22.