Comptroller Announces Major Franchise Tax Policy Change – A Win for Taxpayers Acting Comptroller Kelly Hancock released a press statement today announcing a franchise tax policy change. Specifically, for franchise tax reports due on or after January 1, 2026, the agency will allow taxpayers to use the depreciation amounts reported on the current-year federal income…

Comptroller Publishes Proposed Changes to Rule 3.586 – Share feedback by Dec. 14 In October 2025, the Comptroller’s office circulated a draft of the agency’s proposed amendments to Rule 3.586 (relating to Margin: Nexus) and set a short deadline for submitting comments on the draft changes. TTARA did not receive any comments from the franchise…

The Comptroller’s Tax Policy Division has circulated the attached draft internal memorandum, which it plans to issue internally and to post on the STAR system for public dissemination. The memorandum addresses the collection and remittance of tax in cash, which is affected by the federal government’s decision to end production of the penny. TTARA and other…

Attorney General Opinion Request Concerning Disaster-Related Voter Approval Rate Exemptions We want to inform you about a recent request for opinion submitted to the Texas Attorney General that could have important implications for taxpayers. On September 12, 2025, Request for Opinion No. RQ-0612-KP was filed with the Attorney General’s office by Sen. Donna Campbell. Sen. Campbell is concerned…

New Severance Tax Guidance and Sales Tax Updates Now Available We want to let you know that several important updates are now available from the Texas Comptroller’s Office: Guidelines for Taxpayer-Generated Marketing Cost Samples: This document provides Comptroller guidelines for how taxpayers may use sampling of marketing cost transactions, as defined under Texas Tax Code §§…