KRS 341.272: Contribution rate of new employer engaged in contract construction

trades.

(1) Notwithstanding any section of this chapter to the contrary, on or after July 15,

1984, any new domestic corporation, or any foreign corporation authorized to do

business in this state, or any foreign corporation active in conjunction with a

domestic corporation in a joint venture, partnership or other legal entity engaged in

the contract construction trades shall pay contributions equal to the maximum rate

of c ontributions payable under the rate schedule in effect for any given calendar

year as determined by KRS 341.270; and, such maximum rate of contributions shall

remain in effect until the employer has employed persons in this state for not less

than twelve ( 12) consecutive calendar quarters ending as of June 30 immediately

preceding the computation date. Thereafter, such employer's contribution rate shall

be determined in accordance with the provisions of KRS 341.270(4).

(2) On or after January 1, 1989, any n ew domestic or foreign proprietorship or

partnership engaged in the contract construction trades shall be subject to the

provisions of subsection (1) of this section.