TTARA R&D Working Group First Meeting The sales tax exemption and franchise tax credit for research and development (R&D) under Sections 151.3182 and 171.651-665 of the Texas Tax Code expire on December 31, 2026. TTARA has formed an R&D working group to review the current program and prepare recommendations for improvement before the 2025 legislative session….

TTARA to Form Research and Development (R&D) Working Group The sales tax exemption and franchise tax credit for research and development (R&D) under Sections 151.3182 and 171.651 of the Texas Tax Code expire on December 31, 2026. TTARA is forming an R&D working group to review the current program and prepare recommendations for improvement before the…

Texas Legislature Passes Historic Tax Relief Package This evening the House overwhelmingly gave final approval of the tax relief package that was passed unanimously by the Senate yesterday.. The package includes SB 2 (tax rate compression, homestead exemption increase, three-year 20% “circuit breaker” on appraisal increases, ARB Board additions), SB 3 (franchise tax payment threshold),…