GroundRules
Tex. Labor Code § 204.061: CEILING AND FLOOR OF COMPENSATION FUND.
Where this section sits in the code
- LABOR CODE
- TITLE 4. EMPLOYMENT SERVICES AND UNEMPLOYMENT
- SUBTITLE A. TEXAS UNEMPLOYMENT COMPENSATION ACT
- CHAPTER 204. CONTRIBUTIONS
- SUBCHAPTER D. ADJUSTMENTS TO TAX RATE FOR EXPERIENCE-RATED EMPLOYERS
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.
Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff. Sept. 1, 1993.
Collected 2026-08-27T01:47:24Z. Source file · JSON