{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/60.2-537.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/60.2-537.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/60.2-537.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/60.2-537.html"}],"law_id":73933,"edition_id":1,"section_id":73933,"structure_id":13145,"section_number":"60.2-537","catch_line":"Reduced tax rate permissible under federal amendment","history":"Code 1950, \u00a7 60-76.1; 1956, c. 440; 1968, c. 738, \u00a7 60.1-90; 1986, c. 480.","full_text":"Notwithstanding the provisions of \u00a7\u00a7 60.2-500 through 60.2-536, if \u00a7 3303 of the Internal Revenue Code is amended so as to allow an additional credit under \u00a7 3302 (b) of the Internal Revenue Code to employers not otherwise eligible for a reduced rate by reason of the lapse of insufficient time since first becoming subject to this title, the Commission, by a regulation promulgated under \u00a7 60.2-111, shall fix and determine the tax rate of all such employers at such reduced rate as shall then be permissible under such federal amendment.","order_by":null,"text":{"0":{"id":265930,"text":"Notwithstanding the provisions of \u00a7\u00a7 60.2-500 through 60.2-536, if \u00a7 3303 of the Internal Revenue Code is amended so as to allow an additional credit under \u00a7 3302 (b) of the Internal Revenue Code to employers not otherwise eligible for a reduced rate by reason of the lapse of insufficient time since first becoming subject to this title, the Commission, by a regulation promulgated under \u00a7 60.2-111, shall fix and determine the tax rate of all such employers at such reduced rate as shall then be permissible under such federal amendment.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13145,"edition_id":1,"name":"Computation of Tax Rate","identifier":"4","label":"article","depth":3,"order_by":1,"parent_id":13052,"metadata":{},"date_created":"2026-06-26 03:44:21","date_modified":"2026-06-26 03:44:21","permalink":{"id":267753,"object_type":"structure","relational_id":13145,"identifier":"4","token":"60.2\/5\/4","url":"\/60.2\/5\/4\/","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":79525,"structure_id":13145,"section_number":"60.2-525","catch_line":"Statement of employer's benefit charges and taxes","url":"\/60.2-525\/","token":"60.2\/5\/4\/60.2-525","metadata":false},{"id":84523,"structure_id":13145,"section_number":"60.2-526","catch_line":"General provisions","url":"\/60.2-526\/","token":"60.2\/5\/4\/60.2-526","metadata":false},{"id":61763,"structure_id":13145,"section_number":"60.2-527","catch_line":"Tax rate of certain foreign contractors","url":"\/60.2-527\/","token":"60.2\/5\/4\/60.2-527","metadata":false},{"id":60511,"structure_id":13145,"section_number":"60.2-528","catch_line":"Individual benefit charges","url":"\/60.2-528\/","token":"60.2\/5\/4\/60.2-528","metadata":false},{"id":79689,"structure_id":13145,"section_number":"60.2-528.1","catch_line":"Charging of benefits relating to certain overpayments; penalty for pattern of failure to respond to requests for information","url":"\/60.2-528.1\/","token":"60.2\/5\/4\/60.2-528.1","metadata":false},{"id":73637,"structure_id":13145,"section_number":"60.2-529","catch_line":"Employer's benefit charges","url":"\/60.2-529\/","token":"60.2\/5\/4\/60.2-529","metadata":false},{"id":81848,"structure_id":13145,"section_number":"60.2-530","catch_line":"Benefit ratio","url":"\/60.2-530\/","token":"60.2\/5\/4\/60.2-530","metadata":false},{"id":70511,"structure_id":13145,"section_number":"60.2-531","catch_line":"Experience rating tax; table","url":"\/60.2-531\/","token":"60.2\/5\/4\/60.2-531","metadata":false},{"id":54592,"structure_id":13145,"section_number":"60.2-532","catch_line":"Pool cost charges","url":"\/60.2-532\/","token":"60.2\/5\/4\/60.2-532","metadata":false},{"id":77201,"structure_id":13145,"section_number":"60.2-533","catch_line":"Fund balance factor","url":"\/60.2-533\/","token":"60.2\/5\/4\/60.2-533","metadata":false},{"id":54171,"structure_id":13145,"section_number":"60.2-534","catch_line":"Tax rate defined","url":"\/60.2-534\/","token":"60.2\/5\/4\/60.2-534","metadata":false},{"id":82899,"structure_id":13145,"section_number":"60.2-535","catch_line":"Employing unit acquiring business, etc., of another employing unit","url":"\/60.2-535\/","token":"60.2\/5\/4\/60.2-535","metadata":false},{"id":55341,"structure_id":13145,"section_number":"60.2-536","catch_line":"Review of decision under \u00a7 60.2-535","url":"\/60.2-536\/","token":"60.2\/5\/4\/60.2-536","metadata":false},{"id":80870,"structure_id":13145,"section_number":"60.2-536.1","catch_line":"Transfers for the purpose of obtaining a lower unemployment compensation tax rate; assignment of rates","url":"\/60.2-536.1\/","token":"60.2\/5\/4\/60.2-536.1","metadata":false},{"id":69818,"structure_id":13145,"section_number":"60.2-536.2","catch_line":"Advisory opinion by the Commission","url":"\/60.2-536.2\/","token":"60.2\/5\/4\/60.2-536.2","metadata":false},{"id":71778,"structure_id":13145,"section_number":"60.2-536.3","catch_line":"Violations; penalties","url":"\/60.2-536.3\/","token":"60.2\/5\/4\/60.2-536.3","metadata":false},{"id":70450,"structure_id":13145,"section_number":"60.2-536.4","catch_line":"Interpretation","url":"\/60.2-536.4\/","token":"60.2\/5\/4\/60.2-536.4","metadata":false},{"id":87449,"structure_id":13145,"section_number":"60.2-536.5","catch_line":"Definitions","url":"\/60.2-536.5\/","token":"60.2\/5\/4\/60.2-536.5","metadata":false},{"id":73933,"structure_id":13145,"section_number":"60.2-537","catch_line":"Reduced tax rate permissible under federal amendment","url":"\/60.2-537\/","token":"60.2\/5\/4\/60.2-537","metadata":false},{"id":78500,"structure_id":13145,"section_number":"60.2-538","catch_line":"Where employer's taxes are delinquent","url":"\/60.2-538\/","token":"60.2\/5\/4\/60.2-538","metadata":false}],"previous_section":{"id":87449,"structure_id":13145,"section_number":"60.2-536.5","catch_line":"Definitions","url":"\/60.2-536.5\/","token":"60.2\/5\/4\/60.2-536.5","metadata":false},"next_section":{"id":78500,"structure_id":13145,"section_number":"60.2-538","catch_line":"Where employer's taxes are delinquent","url":"\/60.2-538\/","token":"60.2\/5\/4\/60.2-538","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/60.2-537\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 3 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 1986, chapter 480.<\/p>","references":[{"id":78500,"section_number":"60.2-538","catch_line":"Where employer's taxes are delinquent","order_by":null,"url":"\/60.2-538\/"}],"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":79987,"section_number":"60.2-500","catch_line":"Determination with respect to whether employing unit is employer; whether services constitute employment; or whether business transfer is illegal","order_by":null,"url":"\/60.2-500\/"},{"id":55341,"section_number":"60.2-536","catch_line":"Review of decision under \u00a7 60.2-535","order_by":null,"url":"\/60.2-536\/"}],"permalink":{"id":267827,"object_type":"law","relational_id":73933,"identifier":"60.2-537","token":"60.2\/5\/4\/60.2-537","url":"\/60.2-537\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/60.2-537\/","token":"60.2\/5\/4\/60.2-537","dublin_core":{"Title":"Reduced tax rate permissible under federal amendment","Type":"Text","Format":"text\/html","Identifier":"\u00a7 60.2-537","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Notwithstanding the provisions of \u00a7\u00a7&nbsp;<a class=\"law\" title=\"Determination with respect to whether employing unit is employer; whether services constitute employment; or whether business transfer is illegal\" href=\"\/60.2-500\/\">60.2-500<\/a> through <a class=\"law\" title=\"Review of decision under \u00a7 60.2-535\" href=\"\/60.2-536\/\">60.2-536<\/a>, if \u00a7&nbsp;3303 of the Internal Revenue Code is amended so as to allow an additional credit under \u00a7&nbsp;3302 (b) of the Internal Revenue Code to employers not otherwise eligible for a reduced rate by reason of the lapse of insufficient time since first becoming subject to this title, the Commission, by a regulation promulgated under \u00a7&nbsp;<a class=\"law\" title=\"Duties and powers of Commission; reporting requirements\" href=\"\/60.2-111\/\">60.2-111<\/a>, shall fix and determine the tax rate of all such employers at such reduced rate as shall then be permissible under such federal amendment.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nREDUCED TAX RATE PERMISSIBLE UNDER FEDERAL AMENDMENT (\u00a7 60.2-537)\n\nNotwithstanding the provisions of \u00a7\u00a7 60.2-500 through 60.2-536, if \u00a7 3303 of\nthe Internal Revenue Code is amended so as to allow an additional credit under\n\u00a7 3302 (b) of the Internal Revenue Code to employers not otherwise eligible for\na reduced rate by reason of the lapse of insufficient time since first becoming\nsubject to this title, the Commission, by a regulation promulgated under \u00a7\n60.2-111, shall fix and determine the tax rate of all such employers at such\nreduced rate as shall then be permissible under such federal amendment.\n\nHISTORY: Code 1950, \u00a7 60-76.1; 1956, c. 440; 1968, c. 738, \u00a7 60.1-90; 1986, c.\n480.","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}}