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TTARA Update From the Tax Front

Materials from Today’s TTARA Meeting A copy of our handout materials from this morning are now available on our website: The Budget and Major Bills: An update on the numbers behind the House budget. Tuesday saw an agreement between the Governor and the House to use a combination of current budget cuts and Rainy Day…

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TTARA Update from the Tax Front

Comptroller Endorses Partial Use of Rainy Day Fund Comptroller Susan Combs testified before the House Appropriations Committee this week on the state’s budget situation and endorsed using a portion of the Rainy Day Fund to close the state’s projected deficit for the current 2011 fiscal year. She noted that there was not enough time remaining…

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TTARA Update from the Tax Front

Nexus Issues Percolating In recent weeks, the obscure issue of taxpayer “nexus” has become the focal point of discussions in the Capitol as a result of a dispute between the state and Amazon.com—the nation’s leading internet retailer and operator of a warehouse in Irving. Under U.S. Supreme Court rulings concerning the application of the interstate…

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