78235460.2-532Virginia Decodedhttps://vacode.org2016Unemployment CompensationTaxationComputation Of Tax RatePool cost charges1981, c. 606, § 60.1-84.2; 1984, c. 458; 1986, c. 480; 1987, c. 114; 1990, c. 908; 1993, c. 249.http://law.lis.virginia.gov/vacode/60.2-532/60.2-515Amount of taxes; increase of rate/60.2-515/60.2-526General provisions/60.2-526/60.2-527Tax rate of certain foreign contractors/60.2-527/60.2-538Where employer's taxes are delinquent/60.2-538//60.2-532/60.2/5/4/60.2-532As of January 1 of each year, to all experience rating tax rates established pursuant to § 60.2-531, to all assigned tax rates established pursuant to §§ 60.2-515, 60.2-526, 60.2-527 and 60.2-538, there shall be added the pool cost charges as determined in subsection B of this section.sectionAA1The pool cost charge rate rounded to the nearest one-hundredth of a percent shall be determined as follows:sectionBB1 Pool costs for a given calendar year shall be those costs defined in subdivision 2 of this subsection for the thirty-six consecutive calendar month period ending on June 30 immediately preceding that calendar year. The pool cost charge rate shall be pool costs divided by payrolls for such period.sectionB1B12 When the fund balance factor for the most recent twelve-month period ending on June 30 of the immediately preceding calendar year is greater than fifty percent, interest earned on the balance which shall stand to the credit of the account of the Commonwealth of Virginia in the Unemployment Trust Fund in the treasury of the United States shall be subtracted from pool costs, except that in no instance shall pool costs be less than zero.sectionB3B32