§ 97-29.1. Increase in payments in cases for total and permanent disability occurring prior to July 1, 1973. - North Carolina Statutes

§97‑29.1.  Increase in payments in cases for total and permanentdisability occurring prior to July 1, 1973.

In all cases of total andpermanent disability occurring prior to July 1, 1973, weekly compensationpayments shall be increased effective July 1, 1977, to an amount computed bymultiplying the number of calendar years prior to July 1, 1973, that the casearose by five percent (5%). Payments made by the employer or its insurancecarrier by reason of such increase in weekly benefits may be deducted by suchemployer or insurance carrier from the tax levied on such employer or carrierpursuant to G.S. 105‑228.5 or G.S. 97‑100. Every employer orinsurance carrier claiming such deduction or credit shall verify such claim tothe Secretary of Revenue or the Industrial Commission by affidavit or by suchother method as may be prescribed by the Secretary of Revenue or the IndustrialCommission. (1977, c. 651.)