Texas § 204.063 DEFICIT ASSESSMENT.

Texas Statutes

§ 204.063 — DEFICIT ASSESSMENT.

Texas § 204.063

Code LALabor Code

This text of Texas § 204.063 (DEFICIT ASSESSMENT.) 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. § 204.063 (2026).

Text

Sec. 204.063. DEFICIT ASSESSMENT.

(a)If the amount of money in the compensation fund on a tax rate computation date is less than the floor of the compensation fund, a deficit tax rate is added for the next calendar year to the general tax rate for each employer entitled to an experience rate for that year.

(b)The deficit tax rate for a calendar year is the lesser of:

(1)the rate computed by multiplying the deficit ratio, as computed under Section 204.064 , by the sum of the employer's general tax rate, the replenishment tax rate, and the deficit tax rate for the previous calendar year; or

(2)two percent.

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Sec. 204.063. DEFICIT ASSESSMENT. (a) If the amount of money in the compensation fund on a tax rate computation date is less than the floor of the compensation fund, a deficit tax rate is added for the next calendar year to the general tax rate for each employer entitled to an experience rate for that year.
(b) The deficit tax rate for a calendar year is the lesser of:
(1) the rate computed by multiplying the deficit ratio, as computed under Section 204.064 , by the sum of the employer's general tax rate, the replenishment tax rate, and the deficit tax rate for the previous calendar year; or
(2) two percent.

Legislative History

Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 2003, 78th Leg., ch. 317, Sec. 6, eff. June 18, 2003; Acts 2003, 78th Leg., ch. 817, Sec. 6.06, eff. June 20, 2003.