Vermont § 1324 - Rate of contribution
Full text of Vermont Vermont Statutes Online § 1324 — Rate of contribution, with citation guidance and answers to common questions.
§ 1324. Rate of contribution
- (a) The standard rate of contributions shall be five and four-tenths percent. (b) Each employer that has not been subject to this chapter for a sufficient period of
time to have the rate computed under section 1326 of this subchapter shall pay contributions
at the rate of one percent, except that foreign corporations classified in the three-digit
North American Industry Classification System Code as 236, 237, or 238 shall pay contributions
at a rate equal to the average rate as of the most recent computation date paid by
all employers so classified. (Amended 1971, No. 77, § 4, eff. Dec. 31, 1971; 1977, No. 64, § 12, eff. Jan. 1, 1977; 1983, No. 124 (Adj. Sess.), § 1; 1987, No. 81; 2001, No. 56, § 3; 2003, No. 131 (Adj. Sess.), § 1; 2023, No. 85 (Adj. Sess.), § 184, eff. July 1, 2024.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 1324
What does Vermont Statutes Online § 1324 cover?
Section 1324 ("Rate of contribution") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 1324?
A common citation format is "Vermont Statutes Online § 1324" (Vermont). 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 Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 1324 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.