Advertising with us can place you in front of thousands of visitors a day. Learn more!
- Alaska Statutes.
- Title 23. Labor and Workers' Compensation
- Chapter 20. Alaska Employment Security Act
- Section 295. Rates For Successors in Business.
previous: Section 293
. Requirement to Notify the Department of a Business Change and Acquisitions.
next: Section 297
. Special Standards Addressing Transfers of Experience and Assignment of Rates.
AS 23.20.295. Rates For Successors in Business.
- (a) When an employing unit, whether or not an employer within the meaning of AS 23.20.520
, succeeds to or acquires substantially all of the operating assets of an organization, trade, or business of another
employing unit which at the time of acquisition was an employer subject to this chapter, the payroll records of the
predecessor employer shall be transferred as of the date of acquisition to the successor employer for the purpose of
determining an employer's qualifying period and for all other purposes of rate determination.
- (b) If the successor employer was an employer subject to this chapter before the date of acquisition, the rate of
contributions for the remainder of the calendar year of acquisition is the successor employer's rate for the period
immediately preceding the date of acquisition; the rate for the succeeding years is based on the total of the successor
employer's payrolls consolidated with those of the predecessor.
- (c) If the successor was not an employer before the date of acquisition, the rate is the rate applicable to the
predecessor employer for the period immediately preceding the date of acquisition provided there was only one
predecessor or there were only predecessors with identical rates. If the predecessor rates were not identical, the
successor's rate is the highest rate applicable to any of the predecessor employers with respect to the period
immediately preceding the date of acquisition.
- (d) This section does not apply to an acquisition, transfer of a trade or business, or transfer of an employer's
workforce conducting the trade or business if the acquisition or transfer is determined by the commissioner
- (1) to have been primarily for the purpose of obtaining a more favorable rate of contributions under AS 23.20.280
- (2) to be inequitable to the parties;
- (3) to be contrary to the public interest; or
- (4) to be a violation of 42 U.S.C. 503(k) (SUTA Dumping Prevention Act of 2004).
All content © 2008 by Touch
N' Go/Bright Solutions, Inc.
Note to HTML Version:
This version of the Alaska Statutes is current through December, 2007. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature
If any errors are found, please e-mail Touch N' Go systems at E-mail. We
hope you find this information useful.