As a newly registered employer, when will I qualify for a lower experience tax rate?

To be eligible for experience rating, the employer must be chargeable with benefits throughout the year preceding the year of the computation and must have filed all reports. Employers not chargeable with benefits throughout the year preceding the year of the computation will receive the new employer rate. Employers who fail to file their contribution report and/or quarterly wage detail report, however, are subject to receive the maximum tax rate for the entire year.