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TTARA R&D Working Group First Meeting

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….

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TTARA to Form Research and Development (R&D) Working Group

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…

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Update on Rule 3.334 Concerning Local Sales and Use Taxes / Updated Flowback and Water Transfer Services Guidance

Update on Rule 3.334 Concerning Local Sales and Use Taxes The Comptroller adopted an amendment to Rule 3.334 in the January 5 edition of the Texas Register. In new subsection (c)(7), the amendment specifies the location where an order is considered to be received for local sales and use tax (SUT) purposes: The location where the order is received…

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