Research & Development (R&D) Bill Set for Hearing The Senate Finance committee has set SB 2206 by Bettencourt for hearing on Wednesday, April 9 at 9:00 a.m. SB 2206 extends and reforms the current R&D Franchise tax credit. Removes the sales tax exemption for R&D and allows for a refundable credit for entities not filing franchise tax. A one-pager…

New TTARA Research Report: Eliminating Taxes on Personal Property We are pleased to announce the release of our latest research report, “Eliminating Taxes on Personal Property: A Sigh of Relief for Texas Businesses” which is available here. The report provides an in-depth analysis of the impact of business personal property (BPP) taxes on Texas businesses and explores the…

Call for Feedback on HB 9 Inventory Exemption The committee reports have been distributed and we anticipate that HB 9, regarding the $250,000 inventory exemption, will be on the House floor soon. If you were unable to participate in the monthly property tax meeting earlier this week or you have additional comments and feedback on…

In this issue Call for Franchise Tax Working Group Data Processing Rule 3.330 to be Published in the Texas Register Amicus Brief Update Call for Franchise Tax Working Group TTARA is forming a Franchise Tax Working Group to address concerns and suggest improvements to the franchise tax credit portion of SB 32. Our first meeting…

New R&D Study Released and Legislative Bills Filed We are excited to announce the release of a new economic study titled “The Economic Effects of R&D Tax Incentives in Texas” by John W. Diamond, Ph.D., from Rice University’s Baker Institute. This study highlights the significant impact of extending the state’s research and development (R&D) tax credit, projecting the creation…