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Public Hearing on Comptroller’s R&D Rules Proposal; Reminder: TTARA 87th Regular Legislative Session Wrap-Up Meeting June 10, 2021

In this issue Public Hearing on Comptroller’s R&D Rules Proposal Reminder: TTARA 87th Regular Session Wrap-Up Meeting – June 10 Public Hearing on Comptroller’s R&D Rules Proposal In prior emails, webcasts, and meetings, TTARA has discussed two rules the Comptroller’s office proposes to adopt concerning the franchise tax credit (34 TAC §3.599) and the sales…

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Legislative Session Update; Bills of Interest; Upcoming Meetings

In this issue Legislative Session Update Bills of Interest by Policy Area TTARA 87th Regular Session Wrap-Up Meeting – June 10 The ticking clock of the 87th Legislative Session is a welcome relief for many– it brings both clarity and death. Of the 7,148 bills and constitutional amendments introduced, 6,206 have failed to advance for…

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TTARA Comments on Proposed R&D Rules: Franchise Tax 3.599 & Sales Tax 3.340

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…

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Legislative Session Update; Upcoming Meetings

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…

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