As discussed in our webcast today, the much-anticipated final version of revised Rule 3.334 concerning local sales and use taxes will be published in tomorrow’s May 22 edition of the Texas Register. We have previously reported and commented on the rule revision as it has progressed through the adoption process, including: October 30 release of a draft proposal,…

In this issue A Franchise Taxpayer Win TTARA Submits Brief on AG-Opinion Request Upcoming Webcasts Recording of Our Property Tax Webcast with Comptroller’s Office Available Online A Franchise Taxpayer Win The Texas Supreme Court on Friday ruled for defense contractor Lockheed Martin in a franchise tax dispute over how to source their sales to foreign…

As Texans work their way through the property tax appraisal season, TTARA is making two great webcasts available to our members. Texas Property Taxes & COVID-19 On Wednesday, May 6 at 2:00 p.m., TTARA is joining with the Texas Apartment Association to present an overview of the property tax system and issues dealing with property appraisal, particularly commercial properties….

AG Says No Disaster-Related Exemption Absent Physical Damage The passage last session of HB 492 by Shine/Bettencourt created a temporary property tax exemption in §11.35, Tax Code, for property damaged within an officially declared disaster area.  The percentage of value exempted is related to the degree of damage to the property.  Since the statute simply…

Comptroller Hegar Interview Offers Glimpse into the Fiscal Future In a morning interview with the Texas Tribune’s Ross Ramsey, Comptroller Hegar addressed a number of issues on the state and local fiscal front. As Comptroller, Hegar is both the state’s tax collector and chief revenue estimator (as well as a number of other responsibilities). The…