Section 115.11. Non-successor transferee.

 

(1)   Standard. A transferee which is not a successor under ch. 108 , Stats. , and this chapter becomes an employer as of the date of transfer under s. 108.16 (8) (j) , Stats., when the following conditions are met:

(a) A transfer of business has occurred under s. DWD 115.01 ; and

(b) The transferee is not currently an employer subject to ch. 108 , Stats.

(2)   Effects of a transfer without successorship.

(a) The transferee becomes subject to ch. 108 , Stats. , on the date of transfer and is liable for contributions or payments in lieu of contributions, whichever is applicable, from that date.

(b) The transferee shall be assigned an initial or new employer rate for the first 2 years under s. 108.18 (2) , Stats.

(c) The first contribution report shall be due from the transferee on the due date specified in s. DWD 110.06 (3) , (4) and (5) for the quarter following the quarter in which the transfer occurred or January 31 for those becoming liable in the fourth quarter of the preceding year.

History: Cr. Register, January, 1992, No. 433 , eff. 2-1-92.