Senator Martin proposes the following amendment (SR-688.KM0001S):

Amend the bill, as and if amended, SECTION 1, by striking Section 41-31-5(1)(c) and (d) and inserting:

quarters of data are available, then the data from those available calendar quarters shall be used in the calculation. The benefit ratio must be calculated annually using data for quarters filed through June thirtieth of the current year to the sixth decimal place; and
  (d) Beginning in tax year 2028, the number calculated by dividing the sum of all benefits charged to an employer during the twenty calendar quarters immediately preceding the calculation date by the sum of the employer's taxable payroll for the same period. If fewer than twenty but more than one calendar quarters of data are available, then the data from those available calendar quarters shall be used in the calculation. The benefit ratio must be calculated annually using data for quarters filed through June thirtieth of the current year to the sixth decimal place.; and
  (e) Notwithstanding the provisions contained in items (a) through (d), an employer who is in rate class one in tax year 2026 remains subject to the calculation contained in item (b) until the employer no longer qualifies for rate class one, at which time the employer shall be subject to the calculation in item (c) or (d), as appropriate.

Renumber sections to conform.

Amend title to conform.