New York Codes, Rules and Regulations
Title 12 - DEPARTMENT OF LABOR
Chapter VII - Division Of Unemployment Insurance
Subchapter B - Unemployment Insurance
Article 1 - Regulations of the Industrial Commissioner
Part 472 - Contributions To State Unemployment Insurance Fund
Section 472.6 - Transfers of accounts
Current through Register Vol. 46, No. 12, March 20, 2024
(a) An employer who, subsequent to July 1, 1951, acquires the organization, trade or business, in whole or in part, of an employer liable for contributions shall report such fact, in writing, together with the date of acquisition and the name and other identification of the transferring employer. If only a part of the organization, trade or business is transferred, experience rating charges based on benefits paid to former employees of the transferring employer shall be debited to the account of the transferee.
(b) If only a part of the organization, trade or business is transferred, the transfer ring employer's account, including its balance and all other aspects of its experience under the Unemployment Insurance Law, shall be allocated in proportion to the payroll assignable to the transferred part during the last 12 completed calendar quarters prior to the date of transfer except that the allocation shall be made in proportion to the number of employees assignable to the transferred part in the following cases:
