SECTION .0400 - VOLUNTARY ELECTION AND PAYMENTS

04 NCAC 24D .0401         VOLUNTARY ELECTION BY EMPLOYERS

(a)  Any employer electing coverage under G.S. 96-9.8 of the Employment Security Law shall make the election by completing the Employer Status Report (Form NCUI 604), available on DES's website.

(b)  The information provided in the Employer Status Report (Form NCUI 604) shall be provided in the same manner as required under Rule .0602 of this Subchapter.

(c)  Voluntary election shall not be granted if DES determines that potential benefit payments would exceed the taxes received from the employer.

(d)  Employers who satisfy the criteria for voluntary election of coverage pursuant to G.S. 96-9.8 shall have a contributory unemployment tax account, and shall not have a reimbursable account.

History Note:        Authority G.S. 96-4; 96-9.8; 26 U.S.C. 3306;

Eff. July 1, 2015;

Amended Eff. July 1, 2018.