053-9 Wyo. Code R. § 9-8

Current through April 27, 2019
Section 9-8 - Incremental Bonding Payments

Pursuant to W.S. 27-3-516, incremental bond payments may be required of any employing unit engaged in employment under a project meeting the criteria of coverage specified in that statute.

(a) Notwithstanding the foregoing criteria, the Division may elect not to require incremental bond payments from non-delinquent and properly qualified Wyoming-based employers who are eligible for a computed rate under W.S. W.S. 27-3-503(c), who have less than eight employees, or whose work force will not increase by more than ten percent (10%) as a result of participating in the project.

(b) Any incremental bond or tax payments due the Division under W.S. W.S. 27-3-516 shall be paid by the general or prime contractor. Any refund of payments so collected shall be paid to the general or prime contractor. However, all employing units participating in a project specified under W.S. W.S. 27-3-516 shall file all reports otherwise required of them.

(c) Payments on the amount due from the general or prime contractor shall be remitted to the Division within one year from the project start date. Payments shall be made in no more than four quarterly installments of equal amounts.

053-9 Wyo. Code R. § 9-8