{"data":{"id":"us-ky/krs-341.272","jurisdiction":"us-ky","citation":"KRS 341.272","heading":"Contribution rate of new employer engaged in contract construction","body":"trades.\n(1) Notwithstanding any section of this chapter to the contrary, on or after July 15,\n1984, any new domestic corporation, or any foreign corporation authorized to do\nbusiness in this state, or any foreign corporation active in conjunction with a\ndomestic corporation in a joint venture, partnership or other legal entity engaged in\nthe contract construction trades shall pay contributions equal to the maximum rate\nof c ontributions payable under the rate schedule in effect for any given calendar\nyear as determined by KRS 341.270; and, such maximum rate of contributions shall\nremain in effect until the employer has employed persons in this state for not less\nthan twelve ( 12) consecutive calendar quarters ending as of June 30 immediately\npreceding the computation date. Thereafter, such employer's contribution rate shall\nbe determined in accordance with the provisions of KRS 341.270(4).\n(2) On or after January 1, 1989, any n ew domestic or foreign proprietorship or\npartnership engaged in the contract construction trades shall be subject to the\nprovisions of subsection (1) of this section.","path":["KRS Chapter 341"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=54209","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:29Z","sha256":"e114878d6457d198f64ac036a98c73713282d5c170a4a96d3a07e42cc079e4cd","source_id":"us-ky","stale":false,"prev":"us-ky/krs-341.270","next":"us-ky/krs-341.275"},"notice":"GroundRules: Original legal text. Not legal advice."}