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Unemployment Insurance Tax Will Be Reduced for Texas Employers
The Texas Employment Commission reports a 1.2 percent reduction in the unemployment insurance tax for Texas employers effective January 1 1970 as the fund exceeds 300 million dollars. About 23 000 firms will pay less payroll tax while 65 percent remain at the minimum 6.1 percent and over 90 percent are at the 0.1 percent minimum. The overall Texas rate stays about half the national average.
MENTIONED IN THIS ARTICLE
Texas
Texas Employment Commission
W.S. Birdwell Jr