June 29, 2016 In this Issue: Report on Comptroller’s Business Advisory Group Meeting Save the Dates for TTARA’s 2016 Annual Meeting October 6 and 7 Report on Comptroller’s Business Advisory Group Meeting Upon taking office Comptroller Hegar created a Business Advisory Group (BAG) of company and association professionals (including TTARA) to exchange information on tax…

Southwest Royalties Opinion Issued Today the Texas Supreme Court issued its much anticipated opinion (http://www.txcourts.gov/supreme/orders-opinions/2016/june/june-17,-2016.aspx) in Southwest Royalties, Inc. v. Hegar (Case No. 14-0743). The Court affirmed the 3rd Court of Appeals decision (03-12-00511-CV) that upheld a Travis County District Court’s revised final ruling that Southwest Royalties was not entitled to the sales tax exemption…

Texas Supreme Court Finds School Finance System is Constitutional   The Texas Supreme Court has unanimously proclaimed that the state’s method of financing its public schools is constitutional in all aspects and overturned State District Judge Dietz’ unconstitutional rulings on equity, adequacy, and that the system is a defacto state property tax. The Supreme Court…

April 25, 2016 In this issue: Chapter 313 in the Spotlight Hallmark Case is a Taxpayer Win, but Not Necessarily a Taxpayers’ Win Senate Select Committee on Property Tax Reform & Relief Hearing April 27 in Arlington Senate Select Committee on Property Tax Reform & Relief Hearing May 10 in Houston Reminder: TTARA’s Tax Update…

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