In computing the tax rates under this subchapter:

1. (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. (2) the floor of the compensation fund is equal to the greater of:

   1. (A) $400 million; or
   2. (B) one percent of the total taxable wages for the four calendar quarters ending the preceding June 30.

Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff. Sept. 1, 1993.