Comptroller Hegar has shared a draft of potential agency tax legislation with his Business Advisory Committee, of which TTARA is a member. Traditionally the Comptroller may offer a number of “technical corrections” bills for the legislature to consider, but with varying degrees of importance to the agency. The draft bills are a work in progress,…

In previous emails and webcasts, we had shared changes the Comptroller proposed to make to administrative rule 3.591, concerning the apportionment of taxable margin. The proposed rule was published in the November 13 edition of the Texas Register. TTARA, a number of taxpayers, taxpayer representatives, and other associations submitted a number of comments, with particular…

TTARA Legislative and Tax Policy Group Meetings Our legislative and tax policy group meetings are for TTARA members only (no registration fee required.) During the legislative meetings we run through the list of bills we are tracking, relating to sales, franchise, and other state taxes, property tax, school finance, economic development and state budget. In the…

In this issue TTARA States Concerns with Proposed Franchise Tax Rule Save the Dates for TTARA 2021 Meetings and Events TTARA States Concerns with Proposed Franchise Tax Rule The Comptroller is on a path to adopt changes to Franchise Tax Rule 3.591 dealing with apportionment. The rule was published last month in the Texas Register,…

Pre-Filing for 87th Texas Legislative Session Has Begun With the general election over, legislators have begun filing bills for consideration by the 87th Legislature, which will convene on January 12, 2021. As of this email, 803 bills have been filed, representing an interesting mix of legislative priorities, including a number dealing with state and local taxes. The…