Interested in Chapter 313? Conference Call Scheduled Chapter 313 of the Tax Code allows school districts to offer temporary limitations on the taxable value of certain new investments. The law is slated to expire at the end of 2014, and TTARA will be working hard this coming legislative session to reauthorize it. In advance of…

The email update is available here: http://www.ttara.org/files/document/file-503253c284d19.pdf

Read the update here.

Ways and Means Committee Holds Lively Hearing on the Franchise Tax The House Ways and Means Committee yesterday held a wide ranging hearing on the revised franchise tax. After 5 years in effect, taxpayer concerns remain surprisingly high, prompting several of the committee members to endorse revamping at least certain aspects of the tax. James…

Say What? – Comptroller’s Revised Draft of Letter Ruling Rule Two months ago the Comptroller’s Office informally released the draft rule concerning the requirements for acquiring and restrictions on the use of letter rulings to evidence agency policy. (Link to 02/01 TTARA Update from the Tax Front) After the receipt of comments on the proposal,…