Va. Code § 60.2-537
Reduced tax rate permissible under federal amendment
Virginia · Code of Virginia Title 60.2 — Unemployment Compensation · Status: effective
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- Va. Code § 60.2-537, Reduced tax rate permissible under federal amendment, Virginia, version 1 as recorded 2026-09-27, yourstate.us, https://yourstate.us/provision/1428098
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Notwithstanding the provisions of §§ 60.2-500 through 60.2-536 , if § 3303 of the Internal Revenue Code is amended so as to allow an additional credit under § 3302 (b) of the Internal Revenue Code to employers not otherwise eligible for a reduced rate by reason of the lapse of insufficient time since first becoming subject to this title, the Commission, by a regulation promulgated under § 60.2-111 , shall fix and determine the tax rate of all such employers at such reduced rate as shall then be permissible under such federal amendment.