In this issue Testimony to House Ways and Means Committee on Interim Charges Comments on Comptroller’s Draft Franchise Tax Rule on Apportionment Court of Appeals Tax Administration Ruling TTARA Testimony to House Ways and Means Committee on Interim Charges The House Ways and Means Committee, like all legislative committees during the pandemic, is in the…

  The PowerPoint presentation can be downloaded by clicking the red “PowerPoint Presentation” button above. Agenda: 1.Dates of Interest 2.Revenue and Budget Update 3.Public Education and School Finance 4.Property Tax 5.Sales Tax 6.Franchise Tax

Texas has a reputation as a low tax state, but the truth is far more complex. Measured in per capita terms Texas is indeed a low tax state— 31st from the top in 2017, or 18% below the national average1—but the statistic is misleading because there is no such thing as a “capita” tax.

As discussed in our webcast today, the much-anticipated final version of revised Rule 3.334 concerning local sales and use taxes will be published in tomorrow’s May 22 edition of the Texas Register. We have previously reported and commented on the rule revision as it has progressed through the adoption process, including: October 30 release of a draft proposal,…

  The PowerPoint presentation can be downloaded by clicking the red “PowerPoint Presentation” button above. Agenda: 1.Dates of Interest 2.Revenue Update 3.Property Tax 4.Public Education and School Finance 5.Sales Tax 6.Franchise Tax