Monday Is “Prop 2 Day” In Ways & Means The Ways & Means Committee hearing agenda for April Fool’s Day includes three bills relating to the property tax exemption for pollution control property, popularly referred to as the Prop 2 exemption in recognition of its position on 1991’s constitutional amendment ballot. The bills to be…

Ways and Means: Franchise Tax Under Scrutiny The meetings of the tax-writing House Ways and Means Committee continue to focus on the franchise tax, in anticipation of some type of limited “reform” package. Chairman Hilderbran is considering different approaches—either a single omnibus franchise tax bill or a set of separate, narrower bills addressing changes in…

Budget Progressing; Taxes Still a Question Mark Budget writers are moving closer to wrapping up their committee work and while the budget ball will be moved a bit further down the field, the end zone is still a long ways off. By tradition, this year the budget will be a Senate bill. The Senate Finance…

House Sets Debate on Supplemental Appropriations Bill The 2012-13 Budget passed by legislators last session appropriated substantially less for Medicaid than what forecasters anticipated would be required. While Medicaid is a state-managed program that receives a substantial amount of federal funds, in truth, the state has little latitude over funding decisions. Most of the cost…

February 12, 2013 TTARA has been invited to a meeting at the Comptroller’s Office this Friday, February 15, to discuss the Comptroller’s previously proposed revisions to rule 3.588 concerning margin: cost of goods sold (a copy of the proposal is available on TTARA’s website). The agency now believes their initial proposal requires modification, and has…