June 22, 2015 In this issue: Governor Abbott Vetoes A Few Tax-Related Bills & Slams Chapter 313 Program TTARA Reports on Tax Law Changes & the State Budget Coming Soon Save the Dates for TTARA’s Annual Meeting on October 29th & 30th Governor Abbott Vetoes A Few Tax-Related Bills; Slams Chapter 313 School Tax Limitations…

May 22, 2015 In this issue: Final Tax Relief Package Announced Property Tax Bills of Note Sales Tax Bills of Note Transportation Funding Tax Administration Education & School Finance Bills of Note School Finance Lawsuit Register Today for TTARA’s Annual Golf Tournament on June 3rd TTARA Legislative Session Wrap-Up Webcast June 5th Final Tax Relief…

May 7, 2015 Comptroller Cautions: Court Case Catastrophe Comptroller Hegar is warning lawmakers that a recent appellate court case decision could substantially broaden the application of the “cost of goods sold” deduction and result in substantial revenue losses to the state. Under the Texas franchise tax, a combined group may claim a deduction for either…

May 5, 2015 Proposed Bad Debt Rule Comment Period Extended The original deadline for the submission of comments on the Comptroller’s draft of a proposed new bad debt Rule �3.302 expired April 27. However, in response to expressed taxpayer concerns, the Comptroller yesterday announced that the comment submission deadline has been extended to May 19….

May 1, 2015 In this issue: Dueling Tax Cuts Move to the Center of the Street Modest Movement on the Property Tax Front Dedicated Highway Funds Proposed Comptroller Bad Debt Rule Causes an Unintentional Stir School Finance & Education Bills TTARA Legislative & State Tax Meetings May 8th TTARA Golf Tournament June 3rd Register Today…