Rhode Island § 28-43-9 § 28-43-9. Balancing rate.

Rhode Island Statutes

§ 28-43-9 — § 28-43-9. Balancing rate.

Rhode Island § 28-43-9

Title 28Labor and Labor Relations

Ch. 28-43Employment Security â€” Contributions

This text of Rhode Island § 28-43-9 (§ 28-43-9. Balancing rate.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 28-43-9 (2026).

Text

§ 28-43-9. Balancing rate.
(a) As of September 30, 1988, and on each subsequent computation date, the director shall
            determine the balancing rate percentage to be effective for the immediately following
            tax year in accordance with the balancing rate schedule in this subsection. The director
            shall charge to the employer's account and credit to the balancing account in any
            manner and at any times, quarterly or otherwise, that the director shall prescribe,
            an amount obtained by multiplying the employer's taxable wages for the calendar year
            immediately following the computation date, or any one or more quarters of that calendar
            year, 

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§ 28-43-9. Balancing rate.

(a) As of September 30, 1988, and on each subsequent computation date, the director shall determine the balancing rate percentage to be effective for the immediately following tax year in accordance with the balancing rate schedule in this subsection. The director shall charge to the employer's account and credit to the balancing account in any manner and at any times, quarterly or otherwise, that the director shall prescribe, an amount obtained by multiplying the employer's taxable wages for the calendar year immediately following the computation date, or any one or more quarters of that calendar year, by the product of the individual employer's contribution rate for that calendar year and balancing rate percentage corresponding to the tax schedule in effect for the calendar year in accordance with the balancing rate schedule in this subsection:

Balancing Rate Schedule

	Tax Schedule	Corresponding
	in Effect	Balancing Rates
	A	4
	B	6
	C	8
	D	10
	E	12
	F	14
	G	16
	H	18
	I	20

(b) Notwithstanding any other provisions of this section, if the balance in the balancing account as of the computation date is greater than or equal to zero (0), then no balance charge shall be made against employer accounts for the immediately following tax year.

(c) Contributions required pursuant to any balancing percentage rate shall not be in addition to other contributions required by chapters 42 — 44 of this title.

Legislative History

P.L. 1958 (s.s.), ch. 213, § 1; P.L. 1965, ch. 201, § 2; P.L. 1968, ch. 291, § 3; P.L. 1979, ch. 108, § 6; P.L. 1985, ch. 372, § 1; P.L. 1988, ch. 315, § 1.