South Carolina § 41-31-40 - Base rate computation periods.
Full text of South Carolina South Carolina Code of Laws § 41-31-40 — Base rate computation periods., with citation guidance and answers to common questions.
§ 41-31-40. Base rate computation periods.
Each employer's base rate for the twelve months commencing January first of any calendar year is determined in accordance with Section 41-31-50 on the basis of his record up through June thirtieth of the preceding calendar year, but no employer's base rate is less than the rate applicable for rate class twelve until there have been twelve consecutive months of coverage after first becoming liable for contributions under Chapters 27 through 41 of this title. Each employer who completes twelve consecutive calendar months of coverage after first becoming liable for contributions during the current calendar year shall have a base rate computed on the basis of his record up through the next occurring June thirtieth, with that base rate being effective for the next calendar year beginning in January.
HISTORY: 1962 Code SECTION 68-174; 1952 Code SECTION 68-174; 1942 Code SECTION 7035-87; 1936 (39) 1716; 1939 (41) 487; 1941 (42) 369; 1950 (46) 2013; 1955 (49) 480; 1986 Act No. 362, SECTION 3, eff April 3, 1986; 1999 Act No. 37, SECTION 3, eff June 1, 1999; 2002 Act No. 306, SECTION 4, eff June 5, 2002; 2010 Act No. 234, SECTION 1, eff January 1, 2011; 2011 Act No. 63, SECTION 3, eff June 14, 2011.
Effect of Amendment
The 1986 amendment made grammatical changes and lowered the minimum rate applicable to employers until there have been 24 consecutive months of coverage after initial liability for contributions.
The 1999 amendment changed "rate" to "base rate" throughout.
The 2002 amendment rewrote the section.
The 2010 amendment in the first sentence substituted "the rate applicable for rate class thirteen" for "two and sixty-four hundredths percent", and deleted "under the chapters" after "contributions" in the second sentence.
The 2011 amendment in the first sentence substituted "through June thirtieth" for "to July first" and "class twelve" for "class thirteen".
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 41-31-40
What does South Carolina Code of Laws § 41-31-40 cover?
Section 41-31-40 ("Base rate computation periods.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 41-31-40?
A common citation format is "South Carolina Code of Laws § 41-31-40" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 41-31-40 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.