Section 61-5-20.6 - Consideration of experience in state from which operation transferred--Computationof contribution rate. - South Dakota Statutes

61-5-20.6. Consideration of experience in state from which operation transferred--Computation of contribution rate. Wages, contributions, and benefits resulting in rating account charges in connection with the transferred operations, shall be deemed to have been paid in this state for the purpose of computing rates under §§ 61-5-18.1 to 61-5-18.4, inclusive. The employer's rating account balance applicable to the transferred operations prior to the transfer date shall be the balance used in determining the first year's rate. The balance for the second and third years shall be the amount transferred from the other state less benefits after the date of transfer and the contributions paid less benefits charged in this state during the period.

Source: SL 1974, ch 326, § 4; SL 2008, ch 277, § 84.