MENU

TTARA Update from the Tax Front: State Revenues: Good News Getting Better

State Revenues: Good News Getting Better Comptroller Susan Combs this week released her “certification” revenue estimate. Technically, these numbers are those that were used to certify the budget, but since many months have passed, the figures are really an update reflecting her current thoughts about the economy. The news was all good. Buoyed by a…

Read More

TTARA Update from the Tax Front

� TTARA Franchise Tax Meeting January 11 in Austin With a final decision rendered in the Allcat case, the Supreme Court has ruled that the constitutional prohibition against a personal income tax does not apply to the franchise tax—a tax on business entities. The ruling gives the legislature broader latitude in considering possible modifications to…

Read More

Texas Supreme Court: Franchise Tax Does Not Violate Bullock Amendment

TTARA Update from the Tax Front Texas Supreme Court: Franchise Tax Does Not Violate Bullock Amendment The Supreme Court today released its highly-anticipated decision, ruling that the Texas franchise, or “margin,” tax does not does not violate the Texas Constitution’s so-called “Bullock Amendment” that requires prior voter approval of “a tax on the net incomes…

Read More

TTARA Update from the Tax Front

Annual Meeting Presentations Now On-Line A special thanks to all those who attended our 2011 annual meeting this week!!! We are pleased to report a record attendance this year and look forward to an even more successful conference in 2012. Mark your calendars—we will be back at the Hyatt on October 15th and 16th ,2012 For…

Read More