Comptroller Releases Final Memorandum on Cash Payment Rounding Procedures The Comptroller’s office has finalized and officially released the previously circulated draft memorandum outlining procedures for cash payments affected by the discontinuation of the penny. The memorandum has been posted to the Comptroller’s STAR system. See STAR Accession No. 202512001M. The posted memorandum is identical to the draft circulated…

Comptroller Announces Major Franchise Tax Policy Change – A Win for Taxpayers Acting Comptroller Kelly Hancock released a press statement today announcing a franchise tax policy change. Specifically, for franchise tax reports due on or after January 1, 2026, the agency will allow taxpayers to use the depreciation amounts reported on the current-year federal income…

Comptroller Publishes Proposed Changes to Rule 3.586 – Share feedback by Dec. 14 In October 2025, the Comptroller’s office circulated a draft of the agency’s proposed amendments to Rule 3.586 (relating to Margin: Nexus) and set a short deadline for submitting comments on the draft changes. TTARA did not receive any comments from the franchise…

We are pleased to announce the release of TTARA’s Legislative Wrap-Up Report for the 89th Regular Session, now available for your review. This report provides an in-depth summary of the key tax, school finance, and public education legislation passed—and those that did not pass—during the regular session of the 89th Texas Legislature. It highlights major developments in…

This report provides an in-depth summary of the key tax, school finance, and public education legislation passed—and those that did not pass—during the regular session of the 89th Texas Legislature.