20 CFR 606.25
§ 606.25 Waiver of and substitution for additional tax credit reduction.
United States · 20 CFR — Employees' Benefits · Status: effective
Cite this
- Citation
- 20 CFR 606.25, § 606.25 Waiver of and substitution for additional tax credit reduction, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/80324
- Permanent ID
ys:prov:80324@1- SHA-256
7c3c02b62bb569f99efa41604220a49b6e69de1e0f745f19a12a22931991496b
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Full text
A provision of subsection (c)(2) of section 3302 of FUTA provides that, for a State that qualifies, the additional tax credit reduction applicable under subparagraph (C), beginning in the fifth consecutive year of a balance of outstanding advances, shall be waived and the additional tax credit reduction applicable under subparagraph (B) shall be substituted. The waiver and substitution are granted if the OWS Administrator determines that the State has taken no action, effective during the 12-month period ending on September 30 of the year for which the waiver and substitution are requested, which has resulted or will result in a net decrease in the solvency of the State unemployment compensation system as determined for the purposes of §§ 606.20(a)(2) and 606.21(b).
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.