Thursday, December 14, 2017
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By eg blogger on 4/17/2011 6:51 AM

The House Ways and Means Committee discussed four bills last Monday that all effectively extended the franchise tax exemption sunset deadline back.  Currently, if no bill is passed in this legislative session, the franchise tax limit will automatically reduce from $1,000,000 to $600,000 in September, effectively creating new taxes an estimated 28,000 businesses.

By eg blogger on 4/17/2011 6:33 AM

Some homeowners in Austin have recently filed a lawsuit against the City of Austin and its council member calling into question the tax abatement decisions for certain historic properties.  The tax exemption is created to allow the city to provide an incentive for owners of these historic properties to preserve the historic buildings.  Homeowners, however, are not buying this need for the exemption and are calling the decisions to provide these exemption arbitrary.

By eg blogger on 4/16/2011 9:19 AM

California lawmakers were in Austin yesterday trying to determine why jobs and companies were fleeing out of California while Texas saw an increase.  Under the research, California generally has a lower tax burden than Texas, one of the biggest draws Texas claims to have over the California market.  According to some research, however, this may not be an accurate representation.

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