1 2 3 4 ст 5 67 8 9 10 11 121 13 14 15 16 17 18 42 (2) The State maximun weekly benefit amount shall be no less than 66 percent of the Statewide. average weekly wage most recently computed before the beginning of any benefit year, except that, for benefit years beginning between July 1, 1967, and June 30, 1969, such amount shall be no less than 50 percent of such Statewide average weekly wage, and for benefit years beginning between July 1, 1969, and June 30, 1971, such amount shall be no less than 60 percent of such Statewide average weekly wage. "(3) In determining whether an individual has 20 weeks of employment, there must be counted as a week, any week in which the individual earned at least 25 percent of the Statewide average weekly wage. "(4) For the purpose of subsections (c) (1) (A) and (C), the equivalent of 20 weeks of employment in a State which uses high-quarter wages is total base period wages equal to five times the Statewide average weekly wage, and either one and one-half times the individual's high-quarter earnings or forty times his 21 weekly benefit amount, whichever is appropriate under State law. "(1) benefit year' means a period as defined in State law except that it shall not exceed one year be 43 ginning subsequent to the end of an individual's base period. "(2) 'base period' means a period as defined in State law but it shall be fifty-two consecutive weeks, one year, or four consecutive calendar quarters ending not earlier than six months prior to the beginning of an individual's benefit year. "(3) high-quarter wages' means the amount of wages for services performed in employment covered. under the State law paid to an individual in that quarter of his base period in which such wages were highest, irrespective of the limitation on the amount of wages subject to contributions under such State law. "(4) 'individual's average weekly wage' means an amount computed equal to (A) one-thirteenth of an individual's high-quarter wages, in a State which bases eligibility on high-quarter wages paid in the base period or (B) in any other State, the amount obtained by dividing the total amount of wages (irrespective of the limitation on the amount of wages subject to contributions under the State law) paid to such individual during his base period by the number of weeks in which he per formed services in employment covered under such law during such period. 1 2 3 co 4 5 6 7 8 9 10 11 121 13 14 15 44 "(5) 'statewide average weekly wage' means the amount computed by the State agency at least once each year on the basis of the aggregate amount of wages, irrespective of the limitation on the amount of wages subject to contributions under such State law, reported by employers as paid for services covered under such State law during the first four of the last six completed calendar quarters prior to the effective date of the computation, divided by a figure representing fifty-two times the twelve-month average of the number of employees in the pay period ending nearest the fifteenth day of each month during the same four calendar quarters, as reported by such employers." LIMITATION ON CREDIT AGAINST TAX SEC. 210. (a) Section 3302 of the Internal Revenue 16 Code of 1954 is amended by adding at the end of subsection 17 (c) thereof a new paragraph (4) as follows: 18 19 "(4) If the unemployment compensation law of a State has not been certified for a twelve-month period 20 ending on October 31 pursuant to section 3309 (a), then the total credits (after applying subsections (a) and (b) and paragraphs (1), (2), and (3) of this subsection) otherwise allowable under this section for the taxable year in which such October 31 occurs in the case of a taxpayer subject to the unemployment compensa 45 1 2 3 4 5 6 tion law of such State shall be reduced by the amount by which 2.7 percent exceeds the four-year benefit cost rate applicable to such State for such taxable year in accordance with the notification of the Secretary of Labor pursuant to section 3309 (a).” (b) Subsection (c) (3) (C) (i) of section 3302 is 7 amended by substituting the term "4-year" for the termn 8 "5-year." 9 (c) The heading for paragraph (5) of subsection (d) 10 of section 3302 is revised to read "4-YEAR BENEFIT COST 11 RATE", and the paragraph is amended to read: 12 23 "For purposes of subsection (c) (4) and subpara 13 graph (C) of subsection (c) (3), the four-year benefit cost rate applicable to any State for any taxable year is that percentage obtained by dividing— "(A) One-fourth of the total compensation paid under the State unemployment compensation law during the four-year period ending at the close of the first calendar year preceding such taxable year, by "(B) The total of the remuneration subject to contributions under the State unemployment compensation law with respect to the first calendar year preceding such taxable year. 'Remuneration' for 46 the purpose of this subparagraph shall include the amount of wages for services covered under the State law irrespective of the limitation of the amount of wages subject to contributions under such State law paid to an individual by an employer during any calendar year beginning with 1966 up to $5,600, and beginning with 1971, up to $6,600; for States for which it is necessary, the Secretary of Labor shall estimate the remuneration with respect to the calendar year preceding the taxable year.' ADDITIONAL TERMS AND CONDITIONS SEC. 211. Section 3304 (a) of the Internal Revenue 13 Code of 1954 is amended by adding after paragraph (6) the 14 following new paragraphs: 15 16 17 18 19 20 21 22 23 24 "(7) compensation may not be denied in such State to any otherwise eligible individual for a period in excess of the week in which the disqualifying act occurred and the succeeding six weeks by reason of a State disqualification except that "(i) compensation may be denied in accordance with the fraud disqualification of the applicable State law but no such disqualification for fraud may exceed a period of 36 months beginning with the discovery of the fraud; |