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TTARA Update From the Tax Front

In this issue: Tax Foundation Rankings Miss the Mark Texas Bond Rating Improves 2013 TTARA Annual Meeting Tax Foundation Rankings Miss the Mark Yesterday the Tax Foundation released their 2014 Business Tax Rankings, announcing that Texas had fallen to 11th place, down from 9th place in 2013. While we have a tremendous amount of respect…

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TTARA Update From the Tax Front

TTARA’s latest newsletter is at the printers, but we’ve posted an advance copy on our website. The Rainy Day Flood: What Oil and Gas Comeback Means for Texas documents the tremendous increase in oil and gas activity and the corresponding growth in the state Treasury—particularly the state’s Economic Stabilization Fund. Under the Texas Constitution, 75 percent…

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TTARA Update From the Tax Front

Court of Appeals Hears Southwest Royalties Appeal Wednesday afternoon, a three-judge panel of the 3rd Court of Appeals in Austin heard oral arguments in Southwest Royalties Inc. vs. Combs (03-12-00511-CV) in which the district court had ruled in favor of the State and denied a sales tax refund for machinery and equipment used to extract…

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TTARA: Let’s Talk Prop 2

Let’s Talk Prop 2 In conjunction with the TTARA annual conference, we will hold a meeting of interested Property Tax Committee members to discuss the current status of activities related to Prop 2 (pollution control property exemption) and in particular to get an update on the HRSG (heat recovery steam generator) appeal status and to…

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