40 Tex. Admin. Code § 800.553 - Amount of Refund
(a) The amount of
the refund allowed under this subchapter shall be equal to 20 percent of the
total wages, up to a maximum of $10,000 in wages for each employee, paid or
incurred by a person for services rendered by an employee of the person during
the period beginning with the date the employee begins work for the person and
ending on the first anniversary of that date.
(b) The refund claimed for a calendar year
shall not exceed the amount of the net tax paid by the person to the State of
Texas, after any other applicable tax credits in that calendar year.
Notes
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