Aatrix :: What is a Credit Reduction State 

What is a Credit Reduction State

Read the definition of a Credit Reduction State.

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A state that has not repaid money it borrowed from the federal government to pay unemployment benefits is called a Credit Reduction State

The U.S. Department of Labor determines which states are Credit Reduction States.

The current Credit Reduction States will have a Reduction Rate shown on the Schedule A of the 940 Form.

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