204.0861 – SURPLUS CREDIT FOR SUCCESSOR EMPLOYING UNITS.
Texas Labor Code § 204.0861
Summary
This law allows successor employing units to receive surplus credits from their predecessors' compensation experience. It ensures that these credits, which were not utilized by the predecessor, can be applied to the successor's account, benefiting their financial obligations.
Successor units can access unused surplus credits.
Credits are based on predecessor's compensation experience.
Applies to units under specific transfer sections.
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In simple terms: Learn about Texas's SURPLUS CREDIT FOR SUCCESSOR EMPLOYING UNITS. 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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