Washington § 50.29.041 - Contribution rate — Solvency surcharge.

Full text of Washington Revised Code of Washington § 50.29.041 — Contribution rate — Solvency surcharge., with citation guidance and answers to common questions.

§ 50.29.041. Contribution rate — Solvency surcharge.

Except for contributions assessed for rate years 2021, 2022, 2023, 2024, and 2025, the contribution rate of each employer subject to contributions under RCW 50.24.010 shall include a solvency surcharge determined as follows:
(1) This section shall apply to employers' contributions for a rate year immediately following a cut-off date only if, on the cut-off date, the balance in the unemployment compensation fund is determined by the commissioner to be an amount that will provide fewer than seven months of unemployment benefits.
(2) The solvency surcharge shall be the lowest rate necessary, as determined by the commissioner, but not more than two-tenths of one percent, to provide revenue during the applicable rate year that will fund unemployment benefits for the number of months that is the difference between nine months and the number of months for which the balance in the unemployment compensation fund on the cut-off date will provide benefits.
(3) The basis for determining the number of months of unemployment benefits shall be the same basis used in RCW 50.29.025(1)(b)(i)(B).
[ 2021 c 2 s 19; 2006 c 13 s 5; 2003 2nd sp.s. c 4 s 16.]

Notes

Intent—Conflict with federal requirements—Effective date—2021 c 2: See notes following RCW 50.04.323.
Application—2006 c 13 ss 4 and 5: See note following RCW 50.29.025.
Conflict with federal requirements—Part headings not law—Severability—2006 c 13: See notes following RCW 50.20.120.
Conflict with federal requirements—Severability—Effective date—2003 2nd sp.s. c 4: See notes following RCW 50.01.010.

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Frequently Asked Questions About Washington § 50.29.041

What does Revised Code of Washington § 50.29.041 cover?

Section 50.29.041 ("Contribution rate — Solvency surcharge.") is part of the Revised Code of Washington, the codified statutory law of Washington. 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 Washington § 50.29.041?

A common citation format is "Revised Code of Washington § 50.29.041" (Washington). 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 Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 50.29.041 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

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