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

Oklahoma Statutes AnnotatedTitle 40. LaborEffective: November 1, 2022

Oklahoma Statutes Annotated
Title 40. Labor
Chapter 1. Employment Security Act of 1980 (Refs & Annos)
Article 1. General Provisions and Definitions
Part 2. General Definitions
Effective: November 1, 2022
40 Okl.St.Ann. § 1-223
§ 1-223. Taxable wages--Conditional factors and percentages
Currentness
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-two and one-half percent (42.5%) during calendar years in which condition “a” exists;
3. Forty-five percent (45%) during calendar years in which condition “b” exists;
4. Forty-seven and one-half percent (47.5%) during calendar years in which condition “c” exists; and
5. Fifty percent (50%) during calendar years in which condition “d” exists.

Credits

Laws 1983, c. 270, § 2, emerg. eff. June 23, 1983; 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.
40 Okl. St. Ann. § 1-223, OK ST T. 40 § 1-223
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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