{"data":{"id":"us-tx/tex.-labor-code-204.061","jurisdiction":"us-tx","citation":"Tex. Labor Code § 204.061","heading":"CEILING AND FLOOR OF COMPENSATION FUND.","body":"In computing the tax rates under this subchapter:\n(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\n(2) the floor of the compensation fund is equal to the greater of:\n(A) $400 million; or\n(B) one percent of the total taxable wages for the four calendar quarters ending the preceding June 30.\nActs 1993, 73rd Leg., ch. 269, Sec. 1, eff. Sept. 1, 1993.","path":["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"],"source_url":"https://statutes.capitol.texas.gov/Docs/LA/htm/LA.204.htm#204.061","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:24Z","sha256":"9daae1000ef5ed4c36c0ca5cab4b73d8cf79c235c294be37088bb48b90023f7f","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-labor-code-204.048","next":"us-tx/tex.-labor-code-204.062"},"notice":"GroundRules: Original legal text. Not legal advice."}