§ 28-46-3 - Employer tax.
SECTION 28-46-3
§ 28-46-3 Employer tax. – There is assessed upon every employer who ceases to operate a place ofemployment within this state a tax which shall be equal to the total amount ofnon-vested pension benefits of those employees of the employer who havecompleted fifteen (15) years of covered service under the pension plan of theemployer and whose employment was or will be terminated because of theemployer's ceasing to operate a place of employment within this state, and,whose non-vested pension benefits have been or will be forfeited because ofthat termination of employment, less the amount of those non-vested pensionbenefits which are compromised or settled to the satisfaction of the directoras provided in this chapter.