In computing the tax rates under this subchapter:
(1) the ceiling of the compensation fund is two percent of the total taxable wages for the four calendar quarters ending the preceding June 30; and
(2) the floor of the compensation fund is equal to the greater of:
(A) $400 million; or
(B) one percent of the total taxable wages for the four calendar quarters ending the preceding June 30.
Official text of the Texas Labor Code as published by the Texas Legislative Council.