Texas Statutes
§ 204.061 — CEILING AND FLOOR OF COMPENSATION FUND.
Texas § 204.061
JurisdictionTexas
Code LALabor Code
This text of Texas § 204.061 (CEILING AND FLOOR OF COMPENSATION FUND.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Labor Code Code Ann. § 204.061 (2026).
Text
Sec. 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.
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Legislative History
Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff. Sept. 1, 1993.
Nearby Sections
15
§ 204.001
DEFINITION.§ 204.002
CONTRIBUTION REQUIRED.§ 204.0025
ADDITIONAL WORKFORCE DATA REPORTING.§ 204.004
ASSIGNMENT TO MAJOR GROUP.§ 204.006
INITIAL CONTRIBUTION RATE.§ 204.008
TIME BENEFITS ARE PAID.§ 204.009
APPLICATION TO LABOR AGENT.§ 204.021
CHARGEBACKS.§ 204.022
EXCLUSIONS FROM CHARGEBACKS.§ 204.023
NOTICE SENT AT TIME BENEFITS PAID.§ 204.024
PROTEST OF POTENTIAL CHARGEBACKS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 204.061, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/LA/204.061.