[Federal Register Volume 78, Number 242 (Tuesday, December 17, 2013)]
[Notices]
[Page 76327]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-29851]


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DEPARTMENT OF LABOR

Employment and Training Administration


Notice of Approval of South Carolina's Application for Avoidance 
of 2013 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 the calendar year in which the most recent such January 1 
occurs, 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, 2012, and 2013, and still had a balance 
of advances at the beginning of November 10, 2013, South Carolina 
employers were potentially liable for a reduction in their FUTA offset 
credit for 2013.
    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 2013 credit reduction under this section. 
It has been determined that South Carolina met 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 2013.

    Signed in Washington, DC, this 5th day of December, 2013.
Eric M. Seleznow,
Acting Assistant Secretary for Employment and Training.
[FR Doc. 2013-29851 Filed 12-16-13; 8:45 am]
BILLING CODE 4510-FW-P