[Federal Register Volume 71, Number 1 (Tuesday, January 3, 2006)]
[Notices]
[Page 143]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-24681]


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DEPARTMENT OF LABOR

Employment and Training Administration


Notice of Approval for Missouri for Avoidance of 2005 Credit 
Reduction Under the Federal Unemployment Tax Act

    Sections 3302(c)(2) and 3302(d)(3) of the Federal Unemployment Tax 
Act (FUTA) provide that employers in a state that has an outstanding 
balance of advances under Title XII of the Social Security Act on 
January 1 of two or more consecutive years are subject to a reduction 
in credits otherwise available against the FUTA tax for a calendar 
year, if a balance of advances remains on November 10 of that year. 
Because the account of Missouri in the Unemployment Trust Fund had a 
balance of advances on both January 1, 2004, and January 1, 2005, and 
still had a balance on November 10, 2005, Missouri employers were 
potentially liable for a reduction in their FUTA offset credit for 
2005.
    Section 3302(g) of FUTA provides that a state may avoid credit 
reduction for a year by meeting certain criteria. Missouri applied for 
avoidance of the 2005 credit reduction under this section. Pursuant to 
delegation of authority to me under Secretary's Order 4-75, I have 
determined that Missouri meets all of the criteria of this section 
3302(g) and thus qualifies for credit reduction avoidance. Therefore, 
Missouri employers will have no reduction in FUTA offset credit for 
calendar year 2005.

    Dated: December 20, 2005.
Emily Stover DeRocco,
Assistant Secretary for Employment and Training.
[FR Doc. 05-24681 Filed 12-30-05; 8:45 am]
BILLING CODE 4510-30-M