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By eg blogger on 6/16/2012 8:01 AM

Some businesses can rest assured now that there is a little more time to spare for filing delinquent tax reports or amend reports and pay taxes due without any penalties or interest. Between June 12th and August 17th, Texas Comptroller of Public Accounts will waive penalties and interest for qualifying businesses to take care of their taxes due. This amnesty is available for all state and local taxes and fees administered by the Comptroller's office but the Comptroller has also made it clear that this amnesty does not apply to property taxes because those are collected by separate Texas entities, such as school districts and cities.


By eg blogger on 6/15/2012 10:08 AM
In terms of job creation, the Lone Star State is on the right track so far this year.  According to the Federal Reserve Bank of Dallas, Texas employers added 10,300 new jobs just in the month of April.

However, government jobs have shown to be the only industry in Texas with the worst layoffs, as government payrolls keep cutting back as part of a statewide budget cut. According to Federal Reserve Senior Economist, Keith Philips, the letdown in 2011 was the loss of local and state government jobs, especially teacher positions, he said. Fifteen percent of Texas jobs are tied to local and state governments. Budget cuts just in the last year dropped the number of those jobs by 4.4 percent, Phillips said. And according to the May 2012 Monthly Report of the Texas Economy by Ali Anari and Mark Dotzour for the Texas A&M University Real Estate Center, “all Texas industries had more jobs in April 2012 than in April 2011 but the state’s government...
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