Even if a state repays its Title XII advances, all employers in that state are subject to a credit reduction in the year of the advance.

Question

Quizplus · Accepted Answer

Employers in a state are subject to a credit reduction only if the state has outstanding Title XII advances on January 1 of two consecutive years and has not repaid the full amount before November 10 of the second year. Repaying the advances before this deadline avoids the credit reduction for employers.

Even If a State Repays Its Title XII Advances, All