In this issue House Ways and Means, September 8 Meeting R&D Case Filings TTARA September 8 Webcast Recording Available TTARA Releases New Brief on Elected Appraisal Officers 2022 TTARA Annual Meeting: Register and Reserve Your Hotel Room Today! House Ways and Means, September 8 Meeting As a sign the legislative session will be upon us…

TTARA, in partnership with the Texas Association of Manufacturers and the Texas Oil and Gas Association, has submitted a brief on AG opinion request RQ-0468-KP that could invalidate a certain type of local economic development agreements. Chapter 380 and 381 of the Local Government Code provide broad latitude to cities and counties to use public money to enter into…

The Texas Education Agency (TEA) has released preliminary maximum compressed rates for the 2022 tax year (2022-2023 school year). Due to unprecedented growth in property values, an astounding 698 school districts (69%) have been assigned the lowest allowable rate of $0.8046 per $100 of taxable value due to the “equity band” limitation in HB 3,…

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…