In this issue Comptroller Public Hearing on R&D Rules Best Buy amicus Joinder The Comptroller’s office held a public hearing this morning on their proposed research and development rules: 3.340 – Qualified Research (sales tax), and 3.599 – Margin: Research and Development Activities The hearing was in response to a request by the Associated General…

By all accounts, it was to be a modestly productive legislative session. When lawmakers convened in January, Texas and the nation were in the grips of a horrendous pandemic that would ultimately take the lives of well over half a million Americans.

There is virtually unanimous agreement among legislators that HB 3 by Huberty (R-Humble), the school finance overhaul bill passed by the 86th Legislature in 2019, was the most meaningful school finance bill in decades.

Agenda  (The slides are available for download by clicking on the red “PowerPoint” button above) 1.Introduction 2.Property Tax – Carl Walker 3.Economic Development – Dale Craymer 4.Sales Tax – John Kennedy 5.Franchise Tax – Dale Craymer 6.Other Tax & Tax Administration – John Kennedy 7.School Finance – Sheryl Pace 8.Announcement of Our Winners

In this issue Public Hearing on Comptroller’s R&D Rules Proposal Reminder: TTARA 87th Regular Session Wrap-Up Meeting – June 10 Public Hearing on Comptroller’s R&D Rules Proposal In prior emails, webcasts, and meetings, TTARA has discussed two rules the Comptroller’s office proposes to adopt concerning the franchise tax credit (34 TAC §3.599) and the sales…