Amends GS 96-9.2, clarifying that taxable wages, from which contributions to the Unemployment Insurance Fund are calculated, are determined in accordance with GS 96-9.3. Describes how an employer's contribution rate is determined and classified. Provides for the determination of the experience rate and rating as well as how they are calculated. Makes technical and clarifying changes. Adds language establishing that the standard beginning rate for an employer and its account is 1%.  Changes contribution rate to experience rate and makes technical changes.

Deletes language describing "total insured wages." Deletes table demonstrating employer's base rates and their contribution rates. Creates new table establishing UI Trust Fund Balance as Percentage of Insured Wages and applicable contribution rates.