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Comptroller Releases Chapter 313 Report; TTARA 313 Conference Call Scheduled for January 4th The Comptroller has released the statutorily required biennial report (http://www.texasahead.org/tax_programs/chapter313/TEDA2010-96-1359.pdf) on compliance with Chapter 313, Tax Code, agreements to limit the taxable value of qualifying capital investments for school M&O tax purposes. In addition to presenting a number of tables showing aggregate…

Senator Ogden Proposes a State Property Tax, Lower Appraisal Caps, Voter-Authorized Fuels Tax, Curtailing Chapter 313’s School Property Tax Abatements and an End to Oil Production Incentives In a very frank speech keynoting the Comptroller’s 52nd Institute on Property Taxation this morning, Senate Finance Chairman Steve Ogden laid out an aggressive agenda to tackle the…

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…