Texas Employers to Receive $148 Million in UI Tax Refunds, AUSTIN, June 3, 2008 - The Texas Workforce Commission (TWC) has begun mailing $148 million in refund checks to nearly 360,000 Texas employers.
“This is how government should work. When there is a surplus in the Unemployment Compensation Trust Fund, Texas gives employers their money back,” said TWC Chairman Tom Pauken. “This surplus tax refund and historically low UI tax rates are among the many reasons Texas is a great place to do business.”
To receive the refunds, employers must meet certain requirements, including having payroll during 2008 and paying all due taxes. They also must be experience-rated, which means they have been in business with payroll for at least 18 months prior to October 1, 2007. Employers subject to UI taxes include those paying $1,500 in wages in a calendar quarter or having at least one employee during 20 different weeks in a calendar year.
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