TTARA has submitted formal comments to the Comptroller concerning the agency’s proposed rules on the research and development franchise tax credit and/or sales tax exemption, which are available on our website. Our comments point out a number of discrepancies between the proposed rules and the administration and calculation of the federal provisions. We appreciate the…

In this issue Legislative Session Update Bills of Interest by Policy Area Upcoming TTARA Meetings and Webcasts Session Nearing an End The 87th Regular Session of the Texas legislature ends on May 31. In these final days of the session, a number of deadlines come into play. House deadlines essentially control for now, as Senate deadlines…

The Supreme Court today issued its opinion in Kinder Morgan v. Scurry County (No. 19-1122). Scurry County, joined by other taxing units in the county, asserted that Kinder Morgan’s properties had been “omitted” from the tax roll because of an alleged fraudulent undervaluation. The Appraisal Review Board ruled against the taxing units who then sought…

The Comptroller this morning published two proposed rules on research and development in the Texas Register: 3.340, sales tax, and 3.599, franchise tax. This triggers a 30-day period in which formal comments may be submitted to the agency. TTARA had previously shared draft versions of these rules and submitted informal comment. The rules deal with…

In this issue Bills of Interest 87th Legislative Session Upcoming TTARA Meetings and Webcasts After an unprecedented slow start, the pace of the 87th session of the Texas Legislature has picked up dramatically. The Senate has passed its budget bill, SB 1 by Nelson (R-Flower Mound), and the House will debate its version next Thursday…