(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.
Official text of the Texas Labor Code as published by the Texas Legislative Council.