{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/60.2-515.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/60.2-515.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/60.2-515.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/60.2-515.html"}],"law_id":67512,"edition_id":1,"section_id":67512,"structure_id":13053,"section_number":"60.2-515","catch_line":"Amount of taxes; increase of rate","history":"Code 1950, \u00a7 60-63; 1950, p. 360; 1956, c. 440; 1968, c. 738, \u00a7 60.1-75; 1974, c. 466; 1977, c. 330; 1980, c. 480; 1981, c. 606; 1985, c. 152; 1986, c. 480.","full_text":"Each employer shall pay taxes equal to the following percentages of wages payable by him with respect to employment:\n\n1\n\nExcept as otherwise provided in Article 4 (§ 60.2-525 et seq.) of this chapter, 6.2 percent with respect to employment during the calendar year. Wages payable beyond the last pay period in December shall be considered as wages payable in the first pay period of the succeeding year, and included in reports required for the first reporting period of such year.2\n\nIf the Federal Unemployment Tax Act is at any time amended to permit a higher maximum rate of credit against the federal tax now levied under § 3301 of the Internal Revenue Code than the credit that is now permitted under § 3302 of the Internal Revenue Code, to an employer with respect to any state unemployment compensation law whose standard tax rate on payroll under such law is more than 5.4 percent, the standard tax rate for all employers under this title shall, by Commission rule promulgated under § 60.2-111, be increased from 5.4 percent on wages to that percentage on wages which corresponds to the higher maximum rate of credit thus permitted against the federal unemployment tax. Such increase shall become effective on the same date as such higher maximum rate of credit becomes permissible under such federal amendment.3\n\nIf the Federal Unemployment Tax Act is at any time amended to increase the rate of excise tax each employer pays for employing individuals, the Commission may, by rules promulgated under § 60.2-111, increase the rate of taxes under this title to the rate which corresponds to the highest maximum rate of credit permitted against such higher federal unemployment excise tax. Such increase shall become effective on the same date as such higher rate of federal unemployment excise tax becomes effective.","order_by":null,"text":{"0":{"id":244612,"text":"Each employer shall pay taxes equal to the following percentages of wages payable by him with respect to employment:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":244613,"text":"Except as otherwise provided in Article 4 (§ 60.2-525 et seq.) of this chapter, 6.2 percent with respect to employment during the calendar year. Wages payable beyond the last pay period in December shall be considered as wages payable in the first pay period of the succeeding year, and included in reports required for the first reporting period of such year.","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":244614,"text":"If the Federal Unemployment Tax Act is at any time amended to permit a higher maximum rate of credit against the federal tax now levied under § 3301 of the Internal Revenue Code than the credit that is now permitted under § 3302 of the Internal Revenue Code, to an employer with respect to any state unemployment compensation law whose standard tax rate on payroll under such law is more than 5.4 percent, the standard tax rate for all employers under this title shall, by Commission rule promulgated under § 60.2-111, be increased from 5.4 percent on wages to that percentage on wages which corresponds to the higher maximum rate of credit thus permitted against the federal unemployment tax. Such increase shall become effective on the same date as such higher maximum rate of credit becomes permissible under such federal amendment.","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"3":{"id":244615,"text":"If the Federal Unemployment Tax Act is at any time amended to increase the rate of excise tax each employer pays for employing individuals, the Commission may, by rules promulgated under § 60.2-111, increase the rate of taxes under this title to the rate which corresponds to the highest maximum rate of credit permitted against such higher federal unemployment excise tax. Such increase shall become effective on the same date as such higher rate of federal unemployment excise tax becomes effective.","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2"}},"ancestry":[{"id":13053,"edition_id":1,"name":"Employer Reporting Requirements","identifier":"2","label":"article","depth":3,"order_by":1,"parent_id":13052,"metadata":{},"date_created":"2026-06-26 03:44:11","date_modified":"2026-06-26 03:44:11","permalink":{"id":267685,"object_type":"structure","relational_id":13053,"identifier":"2","token":"60.2\/5\/2","url":"\/60.2\/5\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13052,"edition_id":1,"name":"Taxation","identifier":"5","label":"chapter","depth":2,"order_by":1,"parent_id":12883,"metadata":{},"date_created":"2026-06-26 03:44:11","date_modified":"2026-06-26 03:44:11","permalink":{"id":267633,"object_type":"structure","relational_id":13052,"identifier":"5","token":"60.2\/5","url":"\/60.2\/5\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12883,"edition_id":1,"name":"Unemployment Compensation","identifier":"60.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:58","date_modified":"2026-06-26 03:43:58","permalink":{"id":267273,"object_type":"structure","relational_id":12883,"identifier":"60.2","token":"60.2","url":"\/60.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":54110,"structure_id":13053,"section_number":"60.2-511","catch_line":"How and when taxes payable","url":"\/60.2-511\/","token":"60.2\/5\/2\/60.2-511","metadata":false},{"id":76377,"structure_id":13053,"section_number":"60.2-512","catch_line":"Requiring payroll and tax reports and payment of taxes","url":"\/60.2-512\/","token":"60.2\/5\/2\/60.2-512","metadata":false},{"id":68193,"structure_id":13053,"section_number":"60.2-513","catch_line":"Failure of employing unit to file reports; assessment and amount of penalty","url":"\/60.2-513\/","token":"60.2\/5\/2\/60.2-513","metadata":false},{"id":87035,"structure_id":13053,"section_number":"60.2-514","catch_line":"Limitation on proceeding to establish liability for taxes","url":"\/60.2-514\/","token":"60.2\/5\/2\/60.2-514","metadata":false},{"id":67512,"structure_id":13053,"section_number":"60.2-515","catch_line":"Amount of taxes; increase of rate","url":"\/60.2-515\/","token":"60.2\/5\/2\/60.2-515","metadata":false},{"id":57934,"structure_id":13053,"section_number":"60.2-516","catch_line":"Taxes and payments in lieu of taxes not deducted from wages","url":"\/60.2-516\/","token":"60.2\/5\/2\/60.2-516","metadata":false},{"id":69851,"structure_id":13053,"section_number":"60.2-517","catch_line":"How fractional part of cent computed","url":"\/60.2-517\/","token":"60.2\/5\/2\/60.2-517","metadata":false},{"id":76208,"structure_id":13053,"section_number":"60.2-518","catch_line":"False statements, etc., by employing units; failure to furnish reports, etc","url":"\/60.2-518\/","token":"60.2\/5\/2\/60.2-518","metadata":false}],"previous_section":{"id":87035,"structure_id":13053,"section_number":"60.2-514","catch_line":"Limitation on proceeding to establish liability for taxes","url":"\/60.2-514\/","token":"60.2\/5\/2\/60.2-514","metadata":false},"next_section":{"id":57934,"structure_id":13053,"section_number":"60.2-516","catch_line":"Taxes and payments in lieu of taxes not deducted from wages","url":"\/60.2-516\/","token":"60.2\/5\/2\/60.2-516","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/60.2-515\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 8 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1956, chapter 440; in 1968, chapter 738; in 1974, chapter 466; in 1977, chapter 330; in 1980, chapter 480; in 1981, chapter 606; in 1985, chapter 152; in 1986, chapter 480.<\/p>","references":[{"id":79338,"section_number":"60.2-111","catch_line":"Duties and powers of Commission; reporting requirements","order_by":null,"url":"\/60.2-111\/"},{"id":54592,"section_number":"60.2-532","catch_line":"Pool cost charges","order_by":null,"url":"\/60.2-532\/"},{"id":77201,"section_number":"60.2-533","catch_line":"Fund balance factor","order_by":null,"url":"\/60.2-533\/"}],"refers_to":[{"id":79338,"section_number":"60.2-111","catch_line":"Duties and powers of Commission; reporting requirements","order_by":null,"url":"\/60.2-111\/"},{"id":79525,"section_number":"60.2-525","catch_line":"Statement of employer's benefit charges and taxes","order_by":null,"url":"\/60.2-525\/"}],"permalink":{"id":267703,"object_type":"law","relational_id":67512,"identifier":"60.2-515","token":"60.2\/5\/2\/60.2-515","url":"\/60.2-515\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/60.2-515\/","token":"60.2\/5\/2\/60.2-515","dublin_core":{"Title":"Amount of taxes; increase of rate","Type":"Text","Format":"text\/html","Identifier":"\u00a7 60.2-515","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Each employer shall pay taxes equal to the following percentages of wages payable by him with respect to employment:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Except as otherwise provided in Article 4 (§ 60.2-525<\/a> et seq.) of this chapter, 6.2 percent with respect to employment during the calendar year. Wages payable beyond the last pay period in December shall be considered as wages payable in the first pay period of the succeeding year, and included in reports required for the first reporting period of such year. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> If the Federal Unemployment Tax Act is at any time amended to permit a higher maximum rate of credit against the federal tax now levied under § 3301 of the Internal Revenue Code than the credit that is now permitted under § 3302 of the Internal Revenue Code, to an employer with respect to any state unemployment compensation law<\/span> whose standard tax rate on payroll under such law<\/span> is more than 5.4 percent, the standard tax rate for all employers under this title shall, by Commission rule promulgated under § 60.2-111<\/a>, be increased from 5.4 percent on wages to that percentage on wages which corresponds to the higher maximum rate of credit thus permitted against the federal unemployment tax. Such increase shall become effective on the same date as such higher maximum rate of credit becomes permissible under such federal amendment. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> If the Federal Unemployment Tax Act is at any time amended to increase the rate of excise tax each employer pays for employing individuals, the Commission may, by rules promulgated under § 60.2-111<\/a>, increase the rate of taxes under this title to the rate which corresponds to the highest maximum rate of credit permitted against such higher federal unemployment excise tax. Such increase shall become effective on the same date as such higher rate of federal unemployment excise tax becomes effective. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nAMOUNT OF TAXES; INCREASE OF RATE (\u00a7 60.2-515)\n\nEach employer shall pay taxes equal to the following percentages of wages\npayable by him with respect to employment:\n\n1. Except as otherwise provided in Article 4 (§ 60.2-525 et seq.) of this\nchapter, 6.2 percent with respect to employment during the calendar year. Wages\npayable beyond the last pay period in December shall be considered as wages\npayable in the first pay period of the succeeding year, and included in reports\nrequired for the first reporting period of such year.\n\n2. If the Federal Unemployment Tax Act is at any time amended to permit a higher\nmaximum rate of credit against the federal tax now levied under § 3301 of\nthe Internal Revenue Code than the credit that is now permitted under §\n3302 of the Internal Revenue Code, to an employer with respect to any state\nunemployment compensation law whose standard tax rate on payroll under such law\nis more than 5.4 percent, the standard tax rate for all employers under this\ntitle shall, by Commission rule promulgated under § 60.2-111, be increased\nfrom 5.4 percent on wages to that percentage on wages which corresponds to the\nhigher maximum rate of credit thus permitted against the federal unemployment\ntax. Such increase shall become effective on the same date as such higher\nmaximum rate of credit becomes permissible under such federal amendment.\n\n3. If the Federal Unemployment Tax Act is at any time amended to increase the\nrate of excise tax each employer pays for employing individuals, the Commission\nmay, by rules promulgated under § 60.2-111, increase the rate of taxes\nunder this title to the rate which corresponds to the highest maximum rate of\ncredit permitted against such higher federal unemployment excise tax. Such\nincrease shall become effective on the same date as such higher rate of federal\nunemployment excise tax becomes effective.\n\nHISTORY: Code 1950, \u00a7 60-63; 1950, p. 360; 1956, c. 440; 1968, c. 738, \u00a7\n60.1-75; 1974, c. 466; 1977, c. 330; 1980, c. 480; 1981, c. 606; 1985, c. 152;\n1986, c. 480.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}