(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.

Source Note: The provisions of this §800.553 adopted to be effective November 24, 2022, 47 TexReg 7748