Comptroller Glenn Hegar today released his widely anticipated update to the Certification Revenue Estimate (CRE) for the current state budget. He now estimates that legislators will have a record-breaking $27 billion in surplus revenue available in the upcoming legislative session, an increase of $15 billion over last November’s forecast. The increase is largely attributed to…

In this issue Comptroller to Revise R&D Rules TTARA Active at Capitol Hearings Registration Now Open for the TTARA Annual Golf Tournament Other Upcoming Meetings and Events Comptroller to Revise R&D Rules The Comptroller has proposed revisions to their recently-amended rules on research and development: 3.599 concerning the franchise tax credit and 3.340 concerning the…

TTARA Releases the Fifth Edition of “An Introduction to School Finance in Texas”  TTARA has released the fifth edition of “An Introduction to School Finance in Texas” which updates the publication for the changes made to the Texas school finance system by the 86th and 87th legislatures. The primer will be helpful to anyone interested in learning…

April 4, 2022 In this issue New TTARA Report Documents Property Tax Savings from 2019 Reforms Sirius XM Franchise Tax Decision Offers Questions as Well as Answers Senate Interim Charges Address a Number of Tax Issues Upcoming TTARA Meetings and Events New TTARA Report Documents Property Tax Savings from 2019 Reforms With appraisal notices soon…

In this issue Speaker Phelan Releases Texas House Interim Charges Reminder: 2022 Property Tax Survey Speaker Phelan Releases Texas House Interim Charges This afternoon House Speaker Dade Phelan formally issued interim work assignments to his House committees, including several for the tax-writing Ways and Means Committee. There are a number of tax-related charges the committee will address, including: Monitor…