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…

In this issue “Pie in the Sky” Policy: Abolishing the Property Tax Appeals Court Mixes Equal and Uniform and Market Value Appeals “Pie in the Sky” Policy: Abolishing the Property Tax For many years, some have contended you can eliminate all property taxes using sales tax hikes and other mechanisms. While getting rid of the…

Last week, TTARA submitted an amicus brief to the Texas Supreme Court in support of the taxpayer’s position in CITGO v. Hegar. The case could have huge franchise tax consequences for commodities businesses, particularly those in oil and gas, that engage in any type of price hedging. The case deals with how a taxpayer should…

TTARA 1st Quarterly Property Tax Virtual Meeting January 25, 2022 Join us via Zoom as we kick off 2022 with the 1st quarterly property tax meeting of the year on Tuesday, January 25th from 10 a.m. to 12 p.m. TTARA has invited Shannon Murphy, the new Director of the Property Tax Assistance Division, to speak to the group. Due…

In this issue A Financial Catch 22: State is Awash in Money, but Limits Constrain Its Use Franchise Tax Case Could Impact Hedging Operation A Financial Catch 22: State is Awash in Money, but Limits Constrain Its Use Comptroller Glenn Hegar, the state’s constitutionally-designated revenue estimator, issued an update on the state’s fiscal situation last…