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A BILL TO BE ENTITLED
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AN ACT
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relating to the use of an employer assessment to fund certain |
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employment and training investment programs in this state. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subsection (a), Section 204.006, Labor Code, is |
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amended to read as follows: |
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(a) A person's contribution rate for the calendar year in |
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which the person becomes an employer is the greater of: |
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(1) the rate established for that year for the major |
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group to which the employer is assigned under Section 204.004, |
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[less than one tenth of one percent]; or |
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(2) two and seven-tenths [six tenths] percent. |
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SECTION 2. Subchapter D, Chapter 204, Labor Code, is |
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amended by repealing Section 204.0625, Adjustment to |
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Relinquishment Tax Rate. |
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SECTION 3. Chapter 204, Labor Code, is amended by repealing |
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Subchapter G, Employment and Training Investment Assessment; |
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Funds. |
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SECTION 4. Chapter 302, Labor Code, is amended by repealing |
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Subchapter F, Employment and Training Assessment. |
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SECTION 5. Subsection 303.003(a), Labor Code, is amended to |
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read as follows: |
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(a) To achieve the purposes of this chapter, the skills |
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development fund is created. The fund is composed of: |
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[(1) money transferred into the fund under Section
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204.123; and] |
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[(2) any amounts appropriated by the legislature for |
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the purpose of this chapter from the general revenue fund. |
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SECTION 6. Upon the effective date, any money remaining in |
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the Employment and Training Investment Holding Fund under Section |
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204.122, Labor Code will be deposited into the Unemployment |
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Compensation Fund authorized under Subchapter B, Chapter 203, Labor |
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Code. |
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Upon the effective date, any money remaining in the Training |
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Stabilization Fund under Section 302.101, Labor Code will be |
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deposited into the Unemployment Compensation Fund authorized under |
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Subchapter B, Chapter 203, Labor Code. |
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Money collected under Subchapter G, Chapter 204, Labor Code, |
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subsequent to the effective date will be deposited into the |
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Unemployment Compensation Fund authorized under Subchapter B, |
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Chapter 203, Labor Code. |
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SECTION 7. This Act takes effect September 1, 2007. |