Sec. 204.062. REPLENISHMENT TAX. (a) In addition to the general tax computed under Subchapter C, an employer entitled to an experience rate shall pay a replenishment tax at the rate computed by:
(1) dividing the numerator described by Subsection (b) by the denominator described by Subsection (c);
(2) multiplying that result by 100 to obtain a percentage; and
(3) rounding that result to the nearest hundredth.
(b) The numerator is an amount equal to one-half of the amount of benefits paid by all employers during the 12 months ending the preceding September 30 that are not effectively charged.
(c) The denominator is an amount equal to the taxable wages paid by all employers during the four quarters ending the preceding June 30.
Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1995, 74th Leg., ch. 76, Sec. 9.31, eff. Sept. 1, 1995.
Section: Previous 204.043 204.044 204.045 204.046 204.047 204.048 204.061 204.062 204.0625 204.063 204.064 204.065 204.0651 204.0652 204.066 NextLast modified: September 28, 2016