The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
001
:
GENERAL BENEFITS
(Cite as: 21 V.S.A. § 1324)
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§ 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.)