Georgia Code
Article 5 - Contributions and Payments in Lieu of Contributions
§ 34-8-175. Payment of Contributions When Employing Unit Sells or Transfers Business or Stock of Goods

Any employing unit which sells or transfers its business or stock of goods shall file all required tax and wage reports and pay all contributions, administrative assessments, interest, and penalties within 30 days after such sale or transfer. Such reports and payments shall include all wages for employment up to the date of the sale or transfer. The purchaser, transferee, successor, or assignee shall withhold a sufficient amount from the purchase money to cover the amount of all contributions, administrative assessments, interest, and penalties due and unpaid by the seller or transferor. If the seller or transferor fails to make required payments within the 30 days specified, then the purchaser, transferee, successor, or assignee shall pay the money so withheld. If the purchaser, transferee, successor, or assignee fails to do so, it shall become liable for such contributions, administrative assessments, interest, and penalties. After 30 days the purchaser, transferee, or successor will also become jointly and severally responsible with the predecessor for filing of any delinquent reports. If the payment of moneys is not involved in the sale or transfer, such purchaser shall withhold the performance of the condition that constitutes the consideration for the transfer until the Commissioner certifies that all reports have been filed and all contributions, administrative assessments, interest, and penalties have been paid.
History. Code 1981, § 34-8-175 , enacted by Ga. L. 1991, p. 139, § 1; Ga. L. 1992, p. 776, § 2.

Structure Georgia Code

Georgia Code

Title 34 - Labor and Industrial Relations

Chapter 8 - Employment Security

Article 5 - Contributions and Payments in Lieu of Contributions

§ 34-8-150. Payment of Contributions by Employers; Deferral of De Minimis Amounts

§ 34-8-151. Rate of Employer Contributions

§ 34-8-152. Standard Rate

§ 34-8-153. Liability of Succeeding Employer; Computation of Rate of Contributions; Transfers Between Employers With Substantially Common Ownership, Management, or Control; Transfers Made for the Purpose of Obtaining a Lower Rate of Contribution; Pen...

§ 34-8-154. Separate Accounts

§ 34-8-155. Benefit Experience; Variations From Standard Rate

§ 34-8-156. State-Wide Reserve Ratio; Reduction in Tax Rate

§ 34-8-157. Regular Benefits Paid to Be Charged Against Experience Rating Account

§ 34-8-158. Financing Benefits Paid Employees of Governmental Entities and Nonprofit Organizations

§ 34-8-159. Specific Provisions for Payments in Lieu of Contributions

§ 34-8-159.1. [Effective Until December 31, 2026] Installment Payments by Nonprofit Organizations for Finance Unemployment Benefits

§ 34-8-160. Surety Bond Required

§ 34-8-161. Group Accounts

§ 34-8-162. Establishment, Administration, and Contents of Cash Deposit Escrow Fund; Deposit in and Withdrawals From Fund

§ 34-8-163. Terminating Liability to Fund

§ 34-8-164. Applications for Adjustment or Refund

§ 34-8-165. Tax and Wage Reports; Penalty for Failure to File; Fraudulent Reports

§ 34-8-166. Interest on Delinquent Contribution Payments; Waiver; Reports

§ 34-8-167. Collection of Delinquent Contribution Payments Generally

§ 34-8-168. Authorized Collection Procedures; Application of Moneys Obtained; Procedure to Contest Execution; Attorney General to Represent Commissioner; Commissioner’s Rights, Authority, and Prerogatives

§ 34-8-169. Commissioner’s Authority to Contract With Outside Entities to Provide Debt Collection Services

§ 34-8-170. Commissioner Authorized to Estimate Contributions Due; Notice of Assessment; Jeopardy Assessment

§ 34-8-171. Injunction Against Employing Individuals if Reports or Payments Due

§ 34-8-172. Surety Bond Required of Employee Leasing Company

§ 34-8-173. Release or Subordination of Property Subject to Lien; Authority to Settle and Compromise Payment of Contributions; Annual Reports

§ 34-8-174. Payment of Contributions in Event of Legal Dissolution or Distribution

§ 34-8-175. Payment of Contributions When Employing Unit Sells or Transfers Business or Stock of Goods

§ 34-8-176. Applicability of Collection, Penalty, and Sanction Provisions to Public Employers

§ 34-8-177. Procedure for Collecting Delinquent Contribution Payments From Public Employers

§ 34-8-178. Voluntary Contributions by Employers