[Federal Register Volume 77, Number 244 (Wednesday, December 19, 2012)]
[Notices]
[Page 75195]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-30518]


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DEPARTMENT OF LABOR

Employment and Training Administration


Notice of Approval for South Carolina for Avoidance of 2012 
Credit Reduction Under the Federal Unemployment Tax Act

AGENCY: Employment and Training Administration, Labor.

ACTION: Notice.

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SUMMARY: 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 at the beginning of 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 at the 
beginning of November 10 of that year. Because the account of South 
Carolina in the Unemployment Trust Fund had a balance of advances at 
the beginning of January 1 of 2009, 2010, 2011, and 2012, and still had 
a balance of advances at the beginning of November 10, 2012, South 
Carolina employers were potentially liable for a reduction in their 
FUTA offset credit for 2012.
    Section 3302(g) of FUTA provides that a state may avoid credit 
reduction for a year by meeting certain criteria. South Carolina 
applied for avoidance of the 2012 credit reduction under this section. 
Pursuant to delegation of authority to me under Secretary's Order 06-
2010, I have determined that South Carolina meets all of the criteria 
of section 3302(g) and thus qualifies for credit reduction avoidance. 
Therefore, South Carolina employers will have no reduction in FUTA 
offset credit for calendar year 2012.

    Dated: Signed in Washington, DC, on this 7th day of December, 
2012.
Jane Oates,
Assistant Secretary for Employment and Training.
[FR Doc. 2012-30518 Filed 12-18-12; 8:45 am]
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