Louisiana § RS 23:1531 - Basis of employer contributions; time for payment; computation

§ RS 23:1531. Basis of employer contributions; time for payment; computation

            A. Contributions shall accrue and become payable by each employer for each calendar year in which he is subject to this Chapter with respect to wages for employment. These contributions shall become due and be paid by each employer to the administrator for the fund in accordance with such regulations as the administrator may prescribe, and shall not be deducted, in whole or in part, from the wages of individuals in the employer's employ.

            B. Notwithstanding any provision of this Chapter to the contrary, contributions with respect to wages for employment as defined in R.S. 23:1472(12)(F)(VI) may be paid annually by the employer. An employer who elects to pay such contributions annually shall be subject to the following terms regarding such contributions:

            (1) Contributions shall become due and shall be paid by each employer on or before January thirty-first with respect to wages paid for employment in the previous calendar year.

            (2) Any separation of employment shall be reported within ten days of such separation, along with the employer's payroll report.

            (3) In the event of a termination of the employer's account, contributions shall be due and payable at the next regular quarterly due date.

            (4) Any penalties or interest shall be calculated in the same manner as those for any other type of employment.

            (5) Any election to pay such contributions annually shall not be terminable by the employer for two calendar years.

            C. In the payment of contributions, a fractional part of a cent shall be disregarded unless it amounts to one-half cent or more, in which case it shall be increased to one cent.

            D. During calendar year 2020, each employer's second quarter wage and tax reports, along with any contributions pertaining thereto, shall be due on September fifteenth. Third and fourth quarter wage and tax reports, along with any contributions pertaining thereto, shall remain due and payable by their regular quarterly due date.

            Acts 1997, No. 1042, §1, eff. Jan. 1, 1998; Acts 2020, No. 243, §1, eff. June 11, 2020.

NOTE: See Acts 2020, No. 243, §2, regarding conflicts with certain federal provisions.