Sec. 204.006. INITIAL CONTRIBUTION RATE. (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, Sec. 1, eff. Sept. 1, 1993.
Amended by:
Acts 2005, 79th Leg., Ch. 1115 (H.B. 2421), Sec. 1, eff. January 1, 2006.
Structure Texas Statutes
Title 4 - Employment Services and Unemployment
Subtitle A - Texas Unemployment Compensation Act
Subchapter A. General Provisions
Section 204.002. Contribution Required
Section 204.0025. Additional Workforce Data Reporting
Section 204.003. Contribution Not Deducted From Wages
Section 204.004. Assignment to Major Group
Section 204.005. Establishment of Major Group Contribution Rate
Section 204.006. Initial Contribution Rate
Section 204.007. Special Rate; Certain Employers Engaged in Agriculture
Section 204.008. Time Benefits Are Paid