The 83rd Regular Legislative session is at an end, and the Legislature passed many changes to the Texas franchise tax in the session’s final hours. The bill that included most of these changes was HB 500. I previously covered the House version of this bill, as well as the very different Senate version. The Legislature worked out […]
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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 […]
Good news about the Texas Franchise Tax–the Comptroller has recently conceded that more taxpayers qualify for the special half-percent rate.
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 reports and extensions.