NC S725

Clarifies that a new employer with continuity of control with an existing business enterprise shall continue using the same employer account rather than receiving a new employer number.

Specifies that the Division shall assign any new employer with continuity of control to the existing business enterprise's account and shall recalculate annual tax rates based on combined account balances if a new account was incorrectly issued.

Defines continuity of control as existing when one or more persons or entities controlling a business enterprise remain in control after changes, regardless of changes in business form, reorganization, or expansion.

Clarifies that the Board of Review's hearing officer employed as an attorney by the Department has power to issue subpoenas, administer oaths, conduct hearings, and take evidence with the same authority as the Board of Review.

Becomes effective upon ratification on May 11, 2016.