Significant Prop 2 Exemption Developments At its meeting last Thursday to review the proposed Prop 2 rules changes published by the TCEQ in the March 14 Texas Register at page 1823 (Link), the TCEQ Tax Relief for Pollution Control Property Advisory Committee had a spirited and productive discussion focusing on the “marketable product” deduction in…

Chapter 313 Rules Proposed in Texas Register The comptroller’s office has finalized their proposed administrative rules amendments to reflect the legislative changes made to Chapter 313 of the Tax Code this past session in House Bill 3390. The agency has submitted the proposal to the Texas Register where it will be published as required for…

In this issue: Harmonizing Administrative Policy Re the Manufacturing Exemption 2014 TTARA Events & Meetings Schedule Sponsorship Opportunities Harmonizing Administrative Policy Re the Manufacturing Exemption A handful of recent audits concerning the sales tax treatment of compressors used in the oil and gas industry have made apparent the Comptroller’s lack of a consistent, clearly articulated…

In this issue: TTARA Releases Newsletter On 2014-15 Texas State Budget TTARA Tax Update Luncheons Scheduled for Dallas & Houston TTARA today released the third and final installment in its set of newsletters on the actions of the 83rd Legislature. With the books closed on 2013 and the recent release of the Comptroller’s certification revenue…

In this issue: Sales Taxability of Natural Gas Field Compressors TTARA Tax Update Luncheons Scheduled for Dallas & Houston Sales Taxability of Natural Gas Field Compressors This past summer, one of our members shared with us an independent audit review concerning compressors used for the purpose of processing and transporting natural gas (a divergent use…