Supreme Court Hears Nestle II This morning the Supreme Court heard oral arguments in round two of Nestle USA’s direct appeal alleging that the franchise tax statute is facially unconstitutional. Nestle contends that the differing exemptions and multiple tax rates in the franchise tax violates the equal and uniform provision of the state constitution, as…

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…