September 6, 2018 Comptroller Circulates Draft “ Wayfair ” Rule In response to the U. S. Supreme Court’s South Dakota v. Wayfair decision overturning its five-decade-old stance that a seller must have an in-state physical presence before being required to collect use tax, a proposed draft revision of Rule §3.286 concerning seller’s and purchaser’s responsibilities is being circulated to the Comptroller’s…

August 21, 2018 In this issue Comptroller Mulls Wayfair Implementation Expanded Interpretation of Optional Homestead Exemption Could Increase Business Property Taxes Comptroller Mulls Wayfair Implementation Yesterday the Comptroller’s Office held a combined meeting of his Business Advisory Group (BAG) and his Tax Advisory Group (TAG) to discuss the agency’s plans in response to the U.S. Supreme Court’s…

August 9, 2018 Expenditures Workgroup Reviews Recommendations The Expenditures Workgroup of the Texas Commission on Public School Finance met today and reviewed recommendations from various school groups on ways to improve and/or update the current school finance formulas. The Commission was established in HB 21 during the 1 st Called Session of the 85 th Legislature to make recommendations on…

July 12, 2018 In this Issue State Fiscal Health Improving: Hegar Raises Revenue Estimate Appraisal Roll Challenges in La Salle County Cause Concern State Fiscal Health Improving: Hegar Raises Revenue Estimate State Comptroller Glenn Hegar yesterday reported that the state’s economy and revenue collections will exceed the official estimates on which the current state budget…

July 10, 2018 School Finance Commission Begins to Hear Working Group Recommendations The Texas Commission on Public School Finance reviewed the recommendations of the “Outcomes” working group today, and will ultimately decide whether to include these recommendations in their full report which is due on December 31, 2018. The working group’s recommendations – most of which target…