Voter-Approval Tax Rate Elections (VATRE) School boards across the state are working to adopt budgets for the upcoming school year and tax rates to finance them. Many school boards are adopting a tax rate that exceeds the district’s “voter-approval tax rate” to provide more revenue for expenses such as employee pay raises, increasing current staffing…

In this issue New Audit Guidance Issued by Comptroller’s Tax Policy Division PTAD Provides Updated Truth-In-Taxation Forms Reminder: Upcoming Meetings and Events New Audit Guidance Issued by Comptroller’s Tax Policy Division Last week, the Comptroller’s Tax Policy Division issued an audit guidance memo related to chemical plant and petrochemical refinery utility studies and plant turnarounds….

Tax Implications of Hurricane Beryl We hope our Houston area members and their families safely endured Hurricane Beryl and are well on their way to restoring power and recovery. However, disaster recovery does not end with restoration and clean-up; there are local tax implications that we should all be aware of. The major property tax…

Rule 3.334- Local Sales and Use Taxes The Comptroller’s office published a repeal and replacement of §3.334 in the June 28, 2024 Texas Register. The Comptroller is repealing the rule adopted on October 27, 2023, because it did not contain a statement of fiscal implications for small businesses or rural communities. The rule proposed on April 19, 2024, was…

TTARA State Tax Interest Group Meeting – August 8 We invite you to join us for the TTARA State Tax Interest Group meeting on Thursday, August 8, from 1:30 p.m. to 2:30 p.m. During this session, we will discuss the following topics: Research & Development/Texans for Innovation Data Processing Local Sales Tax Sourcing Oil & Gas Well Services…