20 C.F.R. § 606.3 Definitions.
Title 20 - Employees' Benefits
For the purposes of the Acts cited and this part— (a) Act means as appropriate the Federal Unemployment Tax Act (26 U.S.C. 3301–3311), or title XII of the Social Security Act (42 U.S.C. 1321–1324). (b) Advance means a transfer of funds to a State unemployment fund, for the purpose of paying unemployment compensation, from the Federal unemployment account in the Unemployment Trust Fund, pursuant to section 1202 of the Social Security Act. (c) Benefit-cost ratio for cap purposes for a calendar year is the percentage obtained by dividing— (1) The total dollar sum of— (i) All compensation actually paid under the State law during such calendar year, including in such total sum all regular, additional, and extended compensation, as defined in section 205 of the Federal-State Extended Unemployment Compensation Act of 1970, and excluding from such total sum— (A) Any such compensation paid for which the State is entitled to reimbursement or was reimbursed under the provisions of any Federal Law, and (B) Any such compensation paid which is attributable to services performed for a reimbursing employer, and which is not included in the total dollar amount reported under paragraph (c)(1)(i)(A) of this section, and (ii) Any interest paid during such calendar year on any advance, by (2) The total wages (as defined in §606.3(l)) with respect to such calendar year. If any percentage determined by this computation for a calendar year is not a multiple of 0.1 percent, such percentage shall be reduced to the nearest multiple of 0.1 percent. (d) Contributions means payments required by a State law to be made into an unemployment fund by any person on account of having individuals in his employ, to the extent that such payments are made by him without being deducted or deductible from the remuneration of individuals in his employ. (e) Federal unemployment tax means the excise tax imposed under section 3301 of the Federal Unemployment Tax Act on employers with respect to having individuals in their employ. (f) Fiscal year means the Federal fiscal year which begins on October 1 of a year and ends on September 30, of the next succeeding year. (g) FUTA refers to the Federal Unemployment Tax Act. (h) State unemployment fund or unemployment fund means a special fund established under a State law for the payment of unemployment compensation to unemployed individuals, and which is an “unemployment fund” as defined in section 3306(f) of the Federal Unemployment Tax Act. (i) Taxable year means the calendar year. (j) Unemployment tax rate means, for any taxable year and with respect to any State, the percentage obtained by dividing the total amount of contributions paid into the State unemployment fund with respect to such taxable year by total wages as defined in §606.3(l). (k) Wages, taxable means the total sum of remuneration which is subject to contributions under a State law. (l) Wages, total means the total sum of all remuneration covered by a State law, disregarding any dollar limitation on the amount of remuneration which is subject to contributions under the State law. [53 FR 37429, Sept. 26, 1988, as amended at 71 FR 35513, June 21, 2006]
Title 20: Employees' Benefits
PART 606—TAX CREDITS UNDER THE FEDERAL UNEMPLOYMENT TAX ACT; ADVANCES UNDER TITLE XII OF THE SOCIAL SECURITY ACT
Subpart A—General
§ 606.3 Definitions.
