[Federal Register Volume 78, Number 242 (Tuesday, December 17, 2013)]
[Notices]
[Pages 76327-76328]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-29854]


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DEPARTMENT OF LABOR

Employment and Training Administration


Notice of Denial of Georgia's Application for a ``Cap'' of the 
2013 Credit Reduction Under the Federal Unemployment Tax Act

AGENCY: Employment and Training Administration, Labor.

[[Page 76328]]


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. By virtue of Georgia's Unemployment Trust Fund account 
having an outstanding balance of Title XII advances on January 1 of 
four consecutive years, Georgia employers are potentially liable for a 
0.9 percent reduction in their FUTA offset credit for 2013.
    Georgia applied for a cap on the credit reduction under FUTA, 
section 3302(f), and 20 CFR 606.20. If the State meets the specified 
criteria the 2013 credit reduction would have stayed at the 2012 
percentage of 0.6 percent instead of increasing to 0.9 percent.
    It was determined that Georgia did not meet all of the criteria of 
section 3302(f) since the estimated State average tax rate on total 
wages for calendar year 2013 did not equal or exceed the State's 
average benefit cost rate for calendar years 2008-2012. Thus Georgia 
does not qualify for a credit reduction cap and therefore employers in 
Georgia will have a 0.9 percent FUTA credit reduction 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. 2013-29854 Filed 12-16-13; 8:45 am]
BILLING CODE 4510-FN-P