The email update is available here: http://www.ttara.org/files/document/file-503253c284d19.pdf

Read the update here.

Southwest Royalties Reheard: Decision Pending Several weeks ago Travis County District Court Judge John Dietz issued a bench ruling in favor of the plaintiffs in Southwest Royalties v. Combs, deciding that the sales tax exemption for property used in manufacturing equipment (151.318) applied to certain oil and gas extraction activities. The Comptroller’s Office had provided…

Read the update here: http://www.ttara.org/files/document/file-4f4ff71aea4ba.pdf

Nestle, et al Franchise Tax Challenge Tossed Out The Texas Supreme Court today “dismissed for want of jurisdiction” the constitutional challenge of the franchise (margin) tax in Nestle et al v. Combs. The challenge was primarily based on the contention that the tax runs afoul of the constitutional requirement for equal and uniform taxation. The…