§ 8-601. Definitions

Latest version.

(a) In general. -- In this subtitle the following words have the meanings indicated.

(b) Election. -- "Election" means an election to make reimbursement payments instead of paying contributions in accordance with Part III of this subtitle.

(c) Predecessor employer. -- "Predecessor employer" means an employer that sells or otherwise transfers all or part of its assets, business, organization, or trade to another employer.

(d) Reimbursement payment. -- "Reimbursement payment" means a payment that an employing unit makes under an election to reimburse the Unemployment Insurance Fund for benefits paid.

(e) Taxable wage base. -- "Taxable wage base" means the amount of wages under § 8-607 of this subtitle for which an employing unit pays contributions.

HISTORY: An. Code 1957, art. 95A, § 8; 1991, ch. 8, § 2; 1992, ch. 22, § 1.

                    
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