Tex. Labor Code § 204.061
This is the official text of Tex. Labor Code § 204.061, part of Texas’s Labor Code — governs wages, workplace safety, and workers' compensation.
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§ 204.061. CEILING AND FLOOR OF COMPENSATION FUND.
Official statutory text
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.
(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.
Status: in_force · Read it on the official government site
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