Vermont Code § 21 V.S.A. § 1327

Rate; reduction; conditions
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§ 1327. Rate; reduction; conditions
No employer’s contribution rate shall be reduced from five and four-tenths percent
for any rate year, except as provided in section 1324 of this subchapter, unless and
until the employer’s experience-rating record has been chargeable with benefits throughout
the three consecutive calendar years immediately preceding the rate year with respect
to which the rate shall be reduced and contributions were payable by the employer
with respect to the three calendar years. An employer who has not been subject to
the law for a period of time sufficient to meet this requirement may qualify for a
reduced rate if the employer’s record has been chargeable with benefits throughout
a lesser number of consecutive calendar years but in no event less than one calendar
year immediately preceding the rate year with respect to which the rate shall be reduced
and contributions were payable by the employer with respect to the period.

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