Solix, the administrator for the Texas Universal Service Fund (TUSF), recently announced a massive increase to the TUSF contribution factor, which shall be raised from 3.3% to 24% effective August 1, 2022.
As a result of Order 50796, the ‘Remittance and Support Worksheet for TUSF Recipients (RMT1)’ and ‘Remittance Worksheet for Non-TUSF Recipients (RMT2)’ within the online reporting system will be updated to reflect the new applicable assessment rate of 24%. The new rate is set to take effect beginning with the August 2022 Revenue Period, opening August 26, 2022 (due September 25, 2022).
NOTE: According to Solix’s announcement, due to the increase in assessment rate, some companies that were used to receiving support from the TUSF after submitting the RMT1 may now have to owe into the fund instead.
If you have questions or concerns about the impact of the proposed change in TUSF contribution factors (or wish to understand the basis for the over 700% increase), please contact the attorney assigned to your account or Jonathan S. Marashlian at jsm@commlawgroup.com.
