The Texas Legislature passed several changes to the Texas sales and use tax laws. None of these Texas sales tax law changes are particularly sweeping – they only impact particular industries. This article summarizes the Texas sales tax law changes that the Legislature passed. These will all become law provided that Governor Rick Perry doesn’t veto them.
The Texas Senate just passed its plan for fixing the Texas Franchise Tax. It’s quite different from the Texas Franchise Tax reform bill the House passed two weeks ago, which I detailed in an earlier post. Of course, this means that the House and Senate must reconcile the differences over the weekend if the Legislature […]
A recent Travis County District Court decision steps back the Texas Comptroller’s efforts to make it more difficult for taxpayers to file Texas sales and use tax refund claims. The case is Ryan, LLC v. Combs, Docket No. D-1-GN-12-002388. Judge Amy Clark Meachum issued a final order in the case on May 10, 2013 that […]
Last week, the House passed HB 500, a major revision to the Texas franchise tax. This is the first indication of what changes may be in store for the Texas franchise tax, or margin tax, in 2013. Below is a fairly complete list of all of the changes that HB 500 includes. Of course, the […]
Hello, everyone. I’m very glad to have joined The Seay Law Firm and am looking forward to the opportunity to help you with your Texas tax law issues. I hope to share lots of interesting Texas tax information with you on this blog, particularly information about the Texas sales and use tax. For my first […]
Last Friday, the Texas Comptroller posted to the Texas Register a proposed revision to her Rule 3.588, which explains how to calculate COGS (cost of goods sold) for Texas franchise tax purposes. The Comptroller appears ready to significantly expand which costs are included in the cost of goods sold deduction.
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.
Update: On July 9, Judge Jenkins published a Final Judgment holding that the SOB Fee does NOT violate the Texas Constitution. See my July 30 post on the Texas Sexually Oriented Business Fee for more details. The Texas Sexually Oriented Business Fee may soon be declared unconstitutional as an improperly allocated occupation tax. Yesterday, District Court Judge […]
