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 Oklahoma Statutes (Last Updated: September 18, 2014)
 Title 40. LABOR

  § 40-3-107. Benefit wage ratio.  

Latest version.

  • BENEFIT WAGE RATIO.

    A.  For any tax year occurring before January 1, 2007, the benefit wage ratio of each employer shall be a percentage equal to the total of the employer’s benefit wages in the experience period divided by the employer’s total taxable payroll for the experience period on which contributions have been paid to the Oklahoma Employment Security Commission on or before January 31 of the calendar year with respect to which the employer’s benefit wage ratio is determined.

    B.  For any tax year occurring after December 21, 2006, the benefit wage ratio of each employer shall be a percentage equal to the total of the employer’s benefit wages in the experience period divided by the employer’s total taxable payroll for the experience period on which contributions have been paid to the Commission on or before July 31 of the calendar year immediately preceding the year for which the contribution rate is being calculated.

Added by Laws 1980, c. 323, § 3-107, eff. July 1, 1980. Amended by Laws 2006, c. 176, § 15, eff. July 1, 2006.