204.063 – DEFICIT ASSESSMENT. (a) If the amount of money
Texas Labor Code § 204.063
Summary
This law establishes a process for assessing a deficit tax rate on employers when the compensation fund falls below a specified minimum. It affects employers who are eligible for an experience rate, ensuring they contribute to maintaining the fund's solvency.
Imposes a deficit tax rate if the compensation fund is below minimum.
Applies to employers with experience rates.
Deficit tax rate calculated for the following calendar year.
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In simple terms: Learn about Texas's DEFICIT ASSESSMENT. (a) If the amount of money law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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