TWCC Sets Ag Payroll Requirements and Maintenance Tax Rates

The Texas Workers’ Compensation Commission announced both the annual payroll requirement of an employer for the coverage of seasonal workers and the maintenance tax rate for gross premiums for 2002.

The adjusted annual payroll requirement for the coverage of seasonal workers is $41,199. This gross payroll amount will be used in the year 2003 to apply against an agricultural employer’s year 2002 gross payroll, and to determine whether a farm or ranch worker is covered by workers’ compensation.

The Texas Comptroller of Public Accounts has calculated that in Texas the inflation rate was .73 percent during the period of September 1, 2001 through August 31, 2002.

The maintenance tax rate, which applies to insurance companies writing workers’ compensation policies in Texas, was set at 1.51 percent of the gross premiums collected January 1, 2002 through December 31, 2002. This maintenance tax rate is for support of the Commission.

The Commission, in cooperation with the Research and Oversight Council on Workers’ Compensation, also certifies that the maintenance tax for the support of the Research and Oversight Council on Workers’ Compensation be set at .039 percent of the gross premiums collected January 1, 2002 through December 31, 2002.

Topics Texas Workers' Compensation