Section 8-601 - Definitions. - Maryland Statutes

§ 8-601. Definitions.
 

(a)  In general.- In this subtitle the following words have the meanings indicated. 

(b)  Election.- "Election" means an election to make reimbursement payments instead of paying contributions in accordance with Part III of this subtitle. 

(c)  Predecessor employer.- "Predecessor employer" means an employer that sells or otherwise transfers all or part of its assets, business, organization, or trade to another employer. 

(d)  Reimbursement payment.- "Reimbursement payment" means a payment that an employing unit makes under an election to reimburse the Unemployment Insurance Fund for benefits paid. 

(e)  Taxable wage base.- "Taxable wage base" means the amount of wages under § 8-607 of this subtitle for which an employing unit pays contributions. 
 

[An. Code 1957, art. 95A, § 8; 1991, ch. 8, § 2; 1992, ch. 22, § 1.]