Texas Labor Code - Section 204.121. Employment And Training Investment Assessment
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Texas Laws > Labor Code > Texas Labor Code - Section 204.121. Employment And Training Investment Assessment
Section: 204.089 204.101 204.102 204.103 204.104 204.105 204.106 204.121 204.122 204.123 205.001 205.002 205.003 205.004 205.011
§ 204.121. EMPLOYMENT AND TRAINING INVESTMENT
ASSESSMENT. (a) In addition to any other taxes imposed under this
subtitle, an employment and training investment assessment is
imposed on or after January 1, 2006, on each employer paying
contributions under this subtitle as a separate assessment of
one-tenth of one percent of wages paid by the employer.
(b) The commission shall deposit the revenue from the
employment and training investment assessment to the credit of the
holding fund created under Section 204.122.
(c) The employment and training investment assessment is
due at the same time, collected in the same manner, and subject to
the same penalties and interest as other contributions assessed
under this subtitle.
Added by Acts 2005, 79th Leg., ch. 1115, § 3, eff. June 18, 2005.
Last modified: August 11, 2007