Out of the Franchise Tax Labyrinth by Jennifer Patterson Rabb

Administrative Issues and the Franchise Tax by Scott Fischer

Supreme Court Holds Very Interactive Hearing on Franchise Tax Challenge This morning the Supreme Court heard oral arguments in the Allcat Claims Service petition alleging the reformed franchise (“margin”) tax violates what is popularly known as the “Bullock Amendment” [Art. VIII, Sec. 24(a)] of the Texas Constitution because it imposes a tax on a natural…

Understanding the Texas Franchise–or “Margin” –Tax

Ways and Means Committee Meets (Again) The House Ways and Means Committee held its second meeting of the legislative interim this morning. Two items were on the agenda: 1) an overview of the state’s tax system by John Heleman, Chief Revenue Estimator for Comptroller Susan Combs, and 2) a review of current franchise tax exemptions…