TTARA Conference Call on Draft Franchise Tax Rule 3.588 (Cost of Goods Sold) The Comptroller’s office has issued a redraft of Franchise Tax Rule 3.588 (Cost of Goods Sold). The draft rule attempts to clear up confusion over labor includable as “cost of goods sold.” TTARA will host a conference call to discuss the draft…

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TTARA Fall Webcast: Friday, November 9 at 9:30 a.m. Mark your calendars for TTARA’s next webcast updating recent developments on the tax and fiscal front—Friday morning, November 9 at 9:30 a.m. In less than an hour, we’ll bring you up to date on all the latest facts, rumors, and speculation. If you have a specific…

Supreme Court Hears Nestle II This morning the Supreme Court heard oral arguments in round two of Nestle USA’s direct appeal alleging that the franchise tax statute is facially unconstitutional. Nestle contends that the differing exemptions and multiple tax rates in the franchise tax violates the equal and uniform provision of the state constitution, as…

Dale Craymer Presentation to the Senate Finance Committee: State and Local Taxes and the Texas Economy