Over the last few weeks, Texas courts haven’t been giving much deference to the Texas Comptroller—at least, not to her administrative rules. Two courts have determined that certain Comptroller rules are unnecessary at best, and invalid at worse. One of those courts was the Texas Supreme Court. The Roark Case and the Texas Sales Tax […]
Over the next couple of weeks, I plan on writing about several Texas tax cases currently pending before the Texas appellate courts. Several cases involve the Texas franchise tax. Many more involve the Texas sales tax. Today we’ll discuss a Texas franchise tax case recently argued in Travis County District Court: Rent-a-Center, Inc. v. Combs, […]
So what does the 2013 Legislative session (beginning tomorrow) have in store for the Texas franchise tax? Laylan Copelin of the Austin American-Statesman wrote a great in-depth article about this topic over the weekend. See “Eliminating business tax on the agenda?” published January 5. At this time, it’s way too early to predict the tax’s […]
Last Friday, the Texas Supreme Court announced its decision in the Nestle USA, Inc. case. This was Nestle’s second constitutional challenge to the Texas franchise tax. Not surprisingly, the Court rejected Nestle’s challenge–it upheld the tax. Nestle’s Challenge to the Texas Franchise Tax Nestle’s approach was to take a “shotgun blast” to the tax. I […]
Good news about the Texas Franchise Tax–the Comptroller has recently conceded that more taxpayers qualify for the special half-percent rate.
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 […]
The Texas House Ways & Means Committee recently announced a hearing on changes to the Texas franchise tax, also known as the margin tax. The hearing is scheduled for June 5. The notice for the meeting is posted here. The Committee wishes to discuss “equity and administrative issues” about the margin tax, including but not limited […]
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.
Welcome, everyone, to the Seay Law Firm’s Texas tax law blog. It will primarily cover Texas tax law. We’ll use this space to provide updates on current events in Texas tax law, as well as provide a more in-depth look into various tax related topics that strike my interest. My goal is to make this […]
