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…

April 17, 2015 In this issue: Cap Buster Bill Alert! House Tax Relief Package Clears Committee Prepayment Discount Reduction Bill Sent to Calendars School Finance Bill in the Crosshairs Property Tax Bills on the Move Omnibus Economic Development Bill Also on the Move Key Legislative Deadlines for 84th Regular Session TTARA Legislative & Property Tax…

April 8, 2015 House Announces Tax Cut Plan House Ways and Means Committee Chair Dennis Bonnen today publicly outlined his tax relief proposal. The sales tax/franchise tax package will provide an overall tax cut of $4.9 billion over the next two years. The plan would: lower the rate of the state sales tax by 0.3…