Each employer shall pay contributions equal to the tax rate assigned to rate class twenty except as may be otherwise provided in Chapters 27 through 41 of this title. The department must promulgate regulations regarding the methodology by which the allowed prepayment amounts will be calculated and the manner in which they will be credited to the employer's account. Effect of Amendment The 1986 amendment changed the rate of contributions from "two and seven-tenths per cent" to "five and four-tenths percent" and made grammatical changes. The 1999 amendment designated the former section as subsection (A), and added subsection (B). The first 2010 amendment in subsection (A) added the last two sentences relating to prepayment. The second 2010 amendment deleted subsection identifier (A) and subsection (B), and omitted the text added by 2010 Act No. 146 to subsection (A). The 2011 amendment substituted "the tax rate assigned to rate class twenty" for "five and four-tenths percent of wages paid by him during each year".
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