Code of Virginia
Chapter 5 - Taxation
§ 60.2-509. Termination of coverage

A. Except as otherwise provided in this section and § 60.2-510, an employing unit shall cease to be an employer subject to this title as of January 1 of any year subsequent to December 31, 1972, only if:
1. The employer files with the Commission a written application for termination of coverage;
2. The Commission finds that (i) there were no twenty different days, each day being in a different week within the preceding calendar year, or (ii) there were no twenty different days, each day being in a different week within the current calendar year, within which such employing unit employed one or more individuals in employment subject to this title; and
3. The Commission finds that such employing unit did not pay in any calendar quarter in the preceding or current calendar year for service in employment wages of $1,500 or more.
B. Except as otherwise provided in this section and § 60.2-510, an employing unit as defined in subdivisions 1 through 4 of subsection A of § 60.2-213 or § 60.2-214 or § 60.2-215, shall cease to be an employer subject to this title as of January 1 of any year, only if it files with the Commission a written application for termination of coverage and the Commission finds that no services performed for such employing unit constitute employment as defined in subdivisions 1 through 4 of subsection A of § 60.2-213 or § 60.2-214 or § 60.2-215.
C. Any employing unit which is an employer at the end of any calendar year solely by acquisition during such year as provided in subdivision 1 of subsection B of § 60.2-210, shall cease to be an employer subject to this title as of January 1 of the succeeding calendar year without the filing of the written application required of all other employers, if the Commission finds that there were no twenty different days, each day being in a different week within the preceding or current calendar year that such employing unit and its predecessors in title, treated as a single employing unit:
1. Employed one or more individuals subject to this title; and
2. Did not pay in any calendar quarter in the preceding or current calendar year for service in employment wages of $1,500 or more.
D. Whenever any employer, during any completed calendar year, fails to be subject to the payment of taxes solely because no individual has earned wages from such employer during such calendar year, the Commission may, after not less than thirty days' notice in writing mailed to such employer at his last known address, cause such employer to cease to be an employer subject to this title as of January 1 of the calendar year in which such notice is given.
Code 1950, § 60-83; 1956, c. 440; 1968, c. 738, § 60.1-99; 1971, Ex. Sess., c. 235; 1972, c. 764; 1979, c. 636; 1986, c. 480.

Structure Code of Virginia

Code of Virginia

Title 60.2 - Unemployment Compensation

Chapter 5 - Taxation

§ 60.2-500. Determination with respect to whether employing unit is employer; whether services constitute employment; or whether business transfer is illegal

§ 60.2-501. Financing of benefits to employees of nonprofit organizations

§ 60.2-502. Bonding of nonprofit organizations

§ 60.2-503. Authority to terminate elections

§ 60.2-504. Allocation of benefit costs

§ 60.2-505. Group accounts

§ 60.2-506. Financing of benefits to state employees

§ 60.2-507. Financing of benefits to employees of governmental entities

§ 60.2-507.1. Financing of benefits to employees of Indian tribes

§ 60.2-508. Period of coverage generally; account required

§ 60.2-509. Termination of coverage

§ 60.2-510. Election as to coverage

§ 60.2-511. How and when taxes payable

§ 60.2-512. Requiring payroll and tax reports and payment of taxes

§ 60.2-513. Failure of employing unit to file reports; assessment and amount of penalty

§ 60.2-514. Limitation on proceeding to establish liability for taxes

§ 60.2-515. Amount of taxes; increase of rate

§ 60.2-516. Taxes and payments in lieu of taxes not deducted from wages

§ 60.2-517. How fractional part of cent computed

§ 60.2-518. False statements, etc., by employing units; failure to furnish reports, etc.

§ 60.2-519. Interest on past-due taxes

§ 60.2-519.1. Bad check charge

§ 60.2-519.2. Service charge for payment of taxes by certain means

§ 60.2-520. Taxes which accrued while employer was in armed forces

§ 60.2-521. Collection by civil action; persons subject to civil actions; other remedies; compromise and adjustment

§ 60.2-522. Injunction

§ 60.2-523. Priorities under legal dissolutions or distributions

§ 60.2-524. Refunds

§ 60.2-525. Statement of employer's benefit charges and taxes

§ 60.2-526. General provisions

§ 60.2-527. Tax rate of certain foreign contractors

§ 60.2-528. Individual benefit charges

§ 60.2-528.1. Charging of benefits relating to certain overpayments; penalty for pattern of failure to respond to requests for information

§ 60.2-529. Employer's benefit charges

§ 60.2-530. Benefit ratio

§ 60.2-531. Experience rating tax; table

§ 60.2-532. Pool cost charges

§ 60.2-533. Fund balance factor

§ 60.2-534. Tax rate defined

§ 60.2-535. Employing unit acquiring business, etc., of another employing unit

§ 60.2-536. Review of decision under § 60.2-535

§ 60.2-536.1. Transfers for the purpose of obtaining a lower unemployment compensation tax rate; assignment of rates

§ 60.2-536.2. Advisory opinion by the Commission

§ 60.2-536.3. Violations; penalties

§ 60.2-536.4. Interpretation

§ 60.2-536.5. Definitions

§ 60.2-537. Reduced tax rate permissible under federal amendment

§ 60.2-538. Where employer's taxes are delinquent