By: Jackson S.B. No. 1071
A BILL TO BE ENTITLED
AN ACT
relating to requirements for voluntary payments of unemployment
compensation contributions.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subsection (d), Section 204.048, Labor Code, is
amended to read as follows:
(d) An employer who elects to make a voluntary contribution
for the recomputation of the employer's experience rate must make
the contribution as prescribed by rules adopted by the commission
[not later than the 30th day after the date on which the commission
mails to the employer the annual notice of the employer's
experience rate]. The employer may not revoke the contribution
after the date on which the commission uses the contribution to
recompute the employer's experience rate.
SECTION 2. This Act takes effect September 1, 2003, and
applies only to a voluntary payment for unemployment compensation
contributions that is made on or after that date. A voluntary
payment made before that date is governed by the law in effect on
the date the payment was made, and the former law is continued in
effect for that purpose.