Texas § LA.204.063 - DEFICIT ASSESSMENT
Full text of Texas The Texas Constitution § LA.204.063 — DEFICIT ASSESSMENT, with citation guidance and answers to common questions.
§ LA.204.063. DEFICIT ASSESSMENT
DEFICIT ASSESSMENT. (a) If the amount of money in the compensation fund on a tax rate computation date is less than the floor of the compensation fund, a deficit tax rate is added for the next calendar year to the general tax rate for each employer entitled to an experience rate for that year. (b) The deficit tax rate for a calendar year is the lesser of: (1) the rate computed by multiplying the deficit ratio, as computed under Section 204.064 , by the sum of the employer's general tax rate, the replenishment tax rate, and the deficit tax rate for the previous calendar year; or (2) two percent. Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 2003, 78th Leg., ch. 317, Sec. 6, eff. June 18, 2003; Acts 2003, 78th Leg., ch. 817, Sec. 6.06, eff. June 20, 2003.
Frequently Asked Questions About Texas § LA.204.063
What does The Texas Constitution § LA.204.063 cover?
Section LA.204.063 ("DEFICIT ASSESSMENT") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § LA.204.063?
A common citation format is "The Texas Constitution § LA.204.063" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § LA.204.063 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.