The recent Texas Third Court of Appeals decision in Hegar v. El Paso Electric Company highlights the importance of specificity when seeking Texas state tax refunds. There, the Third Court of Appeals found that the courts lacked jurisdiction over a taxpayer’s Texas sales tax refund suit when the taxpayer failed to specify the precise grounds […]
The Texas Comptroller has announced the extension of the Texas franchise tax filing and payment deadlines due to the ongoing COVID-19 situation. Annual Texas franchise tax reports are now due on July 15, 2020. All Texas franchise taxpayers will receive this extension automatically. Taxpayers may also request additional extensions. Mandatory EFT taxpayers. Taxpayers who the […]
The Texas Comptroller’s office announced today that it would offer assistance to taxpayers affected by coronavirus (COVID-19). According to a new page on the Texas Comptroller web site, the Texas Comptroller will offer short-term payment plans as well as waiver of penalty and interest for most taxpayers. Such assistance is available for the Texas sales […]
The U.S. Supreme Court recently agreed to hear a case that could change the way states tax online sales. The case, South Dakota v. Wayfair, Inc., challenges the U.S. Supreme Court’s 1992 decision in Quill Corp. v. North Dakota. In Quill, the U.S. Supreme Court reaffirmed that states could only impose their taxes on those […]
The United States Supreme Court recently decided Direct Marketing Association v. Brohl, a state tax case. In it, the Supreme Court ruled that a challenge in federal court to Colorado’s so-called “Amazon law” could go forward, contrary to Colorado’s argument that the Tax Injunction Act barred the suit. In perhaps a more interesting development for […]
The Texas Comptroller recently published a very significant policy letter to the Comptroller’s online database. The letter announces a significant change in Texas franchise tax policy that could affect entities even only somewhat involved with the design, construction, remodeling, repair, or industrial maintenance of real property. The Comptroller’s previous policy was that only entities that […]
On June 5, the Texas House Ways & Means Committee held a hearing on potential Texas franchise tax changes. The Austin American Statesman has published an article about the hearing, and the TSCPA has also covered it in its blog. A four and a half hour long recording of the hearing is available here. After watching the hearing, it appears that […]
We’re only a little over a week away from the May 15 filing deadline for the 2012 Texas franchise tax reports. With that in mind, I wanted to discuss a few areas you may wish to consider while you prepare those Texas franchise tax reports and extensions.
This morning, three public policy experts asked the Ways & Means Committee of the Texas House of Representatives to consider a full repeal of the Texas property tax. The speakers included Peggy Venable from the Texas Chapter of American for Prosperity, Talmadge Heflin from the Texas Public Policy Foundation, and Debra Medina, former GOP Texas gubernatorial candidate […]
