§ 1386. Operation dependent upon federal act (a) The General Assembly finds that the expediency and beneficial operation of this chapter are dependent upon the effective operation within this State of certain sections of the Federal Unemployment Tax Act: (1) 26 U.S.C. § 3301 imposing an excise tax upon employers as defined in the Act; (2) 26 U.S.C. § 3302 allowing credits against the federal tax for contributions paid by employers into an unemployment fund under the unemployment compensation law of a state; (3) 26 U.S.C. § 3303 prescribing the conditions upon which certain credits under 26 U.S.C. § 3302 may be allowed; (4) 26 U.S.C. §§ 3303 and 3304 requiring the certification of state law for certain credits under 26 U.S.C. § 3302 and prescribing the conditions for certification. (b) If any sections identified in subsection (a) of this section is repealed, amended, suspended, or finally declared invalid in a manner that deprives a contributor under this chapter of credits against the tax imposed pursuant to 26 U.S.C. § 3301, then any contribution required by this chapter, to the extent that the repeal, amendment, suspension, or declared invalidity of the federal law deprived the contributor of the benefit of the credit, shall be suspended as provided in section 1387 of this title.
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