Tex. Lab. Code § 204.061

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 204.061 - Ceiling and Floor of Compensation Fund

In computing the tax rates under this subchapter:

(1) the ceiling of the compensation fund is two percent of the total taxable wages for the four calendar quarters ending the preceding June 30; and

(2) the floor of the compensation fund is equal to the greater of:

(A) $400 million; or

(B) one percent of the total taxable wages for the four calendar quarters ending the preceding June 30.

Tex. Lab. Code § 204.061

Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff. 9/1/1993.