§ 1324 — Rate of contribution

(a) The standard rate of contributions shall be five and four-tenths percent.
(b) Each employer that has not been subject to this chapter for a sufficient period of time to have the rate computed under section 1326 of this subchapter shall pay contributions at the rate of one percent, except that foreign corporations classified in the three-digit North American Industry Classification System Code as 236, 237, or 238 shall pay contributions at a rate equal to the average rate as of the most recent computation date paid by all employers so classified. (Amended 1971, No. 77, § 4, eff. Dec. 31, 1971; 1977, No. 64, § 12, eff. Jan. 1, 1977; 1983, No. 124 (Adj. Sess.), § 1; 1987, No. 81; 2001, No. 56, § 3; 2003, No. 131 (Adj. Sess.), § 1; 2023, No. 85 (Adj. Sess.), § 184, eff. July 1, 2024.)