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Texas Labor Code - Section 204.006. Initial Contribution Rate

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§ 204.006. INITIAL CONTRIBUTION RATE.                                       

Text of subsec. (a) effective until January 1, 2006
	(a)  A person's contribution rate for the calendar year in 
which the person becomes an employer is the greater of:
		(1)  the rate established for that year for the major 
group to which the employer is assigned under Section 204.004;  or
		(2)  two and seven-tenths percent.                                            

Text of subsec. (a) effective January 1, 2006
	(a)  A person's contribution rate for the calendar year in 
which the person becomes an employer is the greater of:
		(1)  the rate established for that year for the major 
group to which the employer is assigned under Section 204.004, less 
one-tenth of one percent;  or
		(2)  two and six-tenths percent.                                              
	(b)  A rate established under Subsection (a) applies to the 
employer until the date the experience rate computed under Section 
204.041 takes effect for the employer.

Acts 1993, 73rd Leg., ch. 269, § 1, eff. Sept. 1, 1993.  Amended 
by Acts 2005, 79th Leg., ch. 1115, § 1, eff. Jan. 1, 2006.

Last modified: August 11, 2007