                                 CODE OF VIRGINIA

FINANCING; TAX (§ 65.2-1201)

A. For the purpose of providing funds for compensation benefits awarded against
any uninsured or self-insured employer under any provision of this chapter, a
tax not to exceed one-half of one percent shall be assessed, collected and paid
into the state treasury by the same persons and in the same manner as set forth
in Chapter 10 (&#xA7; 65.2-1000 et seq.) of this title.

B. This tax shall be in addition to the tax for the Workers&#8217; Compensation
Commission Administrative Fund and the tax for the Second Injury Fund and shall
be held by the Comptroller of the Commonwealth solely for the payment of awards
against such fund.

C. At the end of any calendar year in which the Uninsured Employer&#8217;s Fund
has to its credit a sum in excess of the next year&#8217;s budgeted
expenditures, the tax shall be suspended for the ensuing calendar year.

HISTORY: 1977, c. 345, § 65.1-147; 1983, c. 421; 1986, c. 177; 1990, c. 606;
1991, c. 355; 1997, c. 99; 1998, c. 388; 2009, c. 219.