New Jersey § 43:21-7b

§ 43:21-7b.

a. Beginning January 1, 1993 until December 31, 1995, except as provided pursuant

to subsection b. of this section, each employee shall, in such a manner and at such

times as determined by the commissioner, contribute to the fund an amount equal to

0.6% of the employee's taxable wages. Beginning April 1, 1996 through December 31, 1996, each employee shall, in such a

manner and at such times as determined by the commissioner, contribute to the fund

an amount equal to 0.6% of the employee's taxable wages, except that the total amount

contributed to the fund when combined with the employee's contribution made pursuant

to R.S.43:31-7(d)(1)(D) for the period January 1, 1996 through March 31, 1996, shall not exceed 0.6% of the

employee's taxable wages for the 1996 calendar year. Beginning January 1, 1997 through December 31, 1997, each employee shall, in such

a manner and at such times as determined by the commissioner, contribute to the fund

an amount equal to 0.5% of the employee's taxable wages. Beginning on January 1, 1998 until December 31, 1998, each employee shall, in such

a manner and at such times as determined by the commissioner, contribute to the fund

an amount equal to 0.30% of the employee's taxable wages. Beginning on January 1, 1999 until December 31, 1999, each employee shall, in such

a manner and at such times as determined by the commissioner, contribute to the fund

an amount equal to 0.25% of the employee's taxable wages. Beginning on January 1, 2000 until June 30, 2004, each employee shall, in such a manner

and at such times as determined by the commissioner, contribute to the fund an amount

equal to 0.20% of the employee's taxable wages. Also beginning on January 1, 1993 until December 31, 1995 and beginning April 1, 1996

until December 31, 1997, each employer shall, in such a manner and at such times as

determined by the commissioner, contribute to the fund an amount equal to the amount

that the employer's contribution to the unemployment compensation fund is decreased

pursuant to subparagraph (H) of paragraph (5) of subsection (c) of R.S.43:21-7 . Also beginning on January 1, 1998 until December 31, 2000, and beginning on January

1, 2002 and ending June 30, 2006 , each employer shall, in such a manner and at such times as determined by the commissioner,

contribute to the fund an amount equal to the amount that the employer's contribution

to the unemployment compensation fund is decreased pursuant to subparagraph (H) of

paragraph (5) of subsection (c) of R.S.43:21-7 . b. If the unemployment compensation fund reserve ratio, as determined pursuant to

paragraph (5) of subsection (c) of R.S.43:21-7 , decreases to a level of less than 4.00% on March 31 of calendar year 1994 or calendar

year 1995, the provisions of subsection a. of this section shall cease to be in effect

as of July 1 of that calendar year and each employer who would be subject to making

the contributions pursuant to subsection a. of this section if that subsection were

in effect shall, beginning on July 1 of that calendar year, contribute to the fund

an amount equal to 0.62% of the total wages paid by the employer and shall continue

to contribute that amount until December 31, 1995. c. If the total amount of contributions to the fund pursuant to this section during

the calendar year 1993 exceeds $600 million, all contributions which exceed $600 million

shall be deposited in the unemployment compensation fund. If the total amount of contributions to the fund pursuant to this section during

calendar year 1994 or calendar year 1995 exceeds $500 million, all contributions which

exceed $500 million shall be deposited in the unemployment compensation fund. If the total amount of contributions made to the fund pursuant to this section for

the calendar year 1996 or 1997 exceeds $330 million, all contributions which exceed

$330 million in calendar year 1996 or 1997 shall be deposited in the unemployment

compensation fund. If the total amount of contributions made to the fund pursuant to this section for

the calendar year 1998 exceeds $288 million, all contributions which exceed $288 million

in the calendar year 1998 shall be deposited in the unemployment compensation fund. If the total amount of contributions made to the fund pursuant to this section for

the calendar year 1999 exceeds $233.9 million, all contributions which exceed $233.9

million in the calendar year 1999 shall be deposited in the unemployment compensation

fund. If the total amount of contributions made to the fund pursuant to this section for

the calendar year 2000 exceeds $178.6 million, all contributions which exceed $178.6

million in the calendar year 2000 shall be deposited in the unemployment compensation

fund. If the total amount of contributions made to the fund pursuant to this section for

the calendar year 2001 exceeds $94.9 million, all contributions which exceed $94.9

million in the calendar year 2001 shall be deposited in the unemployment compensation

fund. If the total amount of contributions made to the fund pursuant to this section for

the period beginning January 1, 2002 and ending June 30, 2002 exceeds $516.5 million,

all contributions which exceed $516.5 million in the period beginning January 1, 2002

and ending June 30, 2002 shall be deposited in the unemployment compensation fund. If the total amount of contributions made to the fund pursuant to this section for

the fiscal year 2003 or fiscal year 2004 exceeds $325 million, all contributions which

exceed $325 million in the fiscal year 2003 or fiscal year 2004 shall be deposited

in the unemployment compensation fund. If the total amount of contributions made to the fund pursuant to this section for

the fiscal year 2005 exceeds $100 million, all contributions which exceed $100 million

in the fiscal year 2005 shall be deposited in the unemployment compensation fund. If the total amount of contributions made to the fund pursuant to this section for

the fiscal year 2006 exceeds $350 million, all contributions which exceed $350 million

in the fiscal year 2006 shall be deposited in the unemployment compensation fund. d. All necessary administrative costs related to the collection of contributions pursuant

to this section shall be paid from the contributions.