State of the States

Ertmer, Brian; Sash, Robert
May 2006
Journal of State Taxation;May/Jun2006, Vol. 24 Issue 4, p13
Academic Journal
The article discusses issues related to the Texas franchise tax and the ruling of the state's Court of Appeals that the earned surplus tax was unconstitutional. The franchise tax is enforced on companies doing business in the state and is determined by computing a tax on net taxable capital and net taxable earned surplus. It is claimed that the earned surplus throwback provisions have caused burden on interstate commerce. Furthermore, it discusses the petition for a review of the ruling filed by the state with the Texas Supreme Court.


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