TCEQ Adopts New Prop 2 Rules At its November 18 meeting, the Texas Commission on Environmental Quality unanimously adopted new rulesfor the pollution control equipment property tax exemption. No amendments to the rules as proposed were considered and they were approved as drafted with virtually no opposition and little fanfare. TTARA submitted commentsgenerally supporting the…

November 5, 2010 Report on the Franchise Tax The Business Tax Advisory Committee met on Wednesday morning to review the draft report evaluating the status of the new franchise tax. The report and its tables basically reveal that the tax more reflects the composition of the Texas economy than the old franchise tax, that the…