Voter-Approval Tax Rate Elections (VATRE) School boards across the state are working to adopt budgets for the upcoming school year and tax rates to finance them. Many school boards are adopting a tax rate that exceeds the district’s “voter-approval tax rate” to provide more revenue for expenses such as employee pay raises, increasing current staffing…

School boards are required to adopt a budget and tax rate to finance that budget each year. As part of that process, the school board is required to calculate a “voter-approval tax rate” (previously known as the “rollback” rate).

In this issue New Audit Guidance Issued by Comptroller’s Tax Policy Division PTAD Provides Updated Truth-In-Taxation Forms Reminder: Upcoming Meetings and Events New Audit Guidance Issued by Comptroller’s Tax Policy Division Last week, the Comptroller’s Tax Policy Division issued an audit guidance memo related to chemical plant and petrochemical refinery utility studies and plant turnarounds….

Tax Implications of Hurricane Beryl We hope our Houston area members and their families safely endured Hurricane Beryl and are well on their way to restoring power and recovery. However, disaster recovery does not end with restoration and clean-up; there are local tax implications that we should all be aware of. The major property tax…

In this issue Data Processing Working Group JW Power Case Update Local Sales Tax Rate Changes Effective July 1, 2024 Data Processing Working Group TTARA recently formed a Data Processing Working Group. Data processing is one category of services subject to sales and use tax in Texas. The goals of the working group are to…