TITLE

Texas' New Margin Tax

AUTHOR(S)
Sutton, Giles; Yesnowitz, Jamie; O'Shea, Pat; LaBorde, John; Maziur, Doug
PUB. DATE
September 2006
SOURCE
Journal of State Taxation;Sep/Oct2006, Vol. 24 Issue 6, p35
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article focuses on the mechanics of the Texas Margin Tax (TMT) which was designed to replace the current franchise tax in Texas. It first provides brief overview on the provision of the TMT which was signed by Governor Rick Perry where in it notes the continuation trend towards state gross receipt taxes. It then discusses the laws and concepts of TMT which states the consideration on the key issues it brings such as the new nexus thresholds, the determination of taxable margin, and the determination of total revenue.
ACCESSION #
33979456

 

Related Articles

  • Texas Governor Signs Franchise Tax Bill.  // Body Shop Business;Jul2013, Vol. 32 Issue 7, p82 

    The article reports that the Texas Franchise Tax Legislation was included in Substitute House Bill 500 that passed the legislature and has been signed by Texas Gov. Rick Perry.

  • Revised Texas Franchise Tax Update: Lessons Learned and Emerging Issues. Maziur, Doug; Yesnowitz, Jamie C.; Gaul, Terry; Jones, Chuck; LaBorde, John; O'Shea, Pat; Sutton, Giles // Journal of State Taxation;Nov/Dec2009, Vol. 28 Issue 1, p13 

    The article offers information on the revised Texas franchise tax (RTFT). It discusses the mechanics of the revision and its implications for taxpayers. It states that since the revised Texas franchise tax is a new tax, issues will surface during audits that will test the law itself, comptroller...

  • Taxability of Mo. Fees Billed to Restaurant Franchises Discussed.  // Sales & Use Tax Alert; 

    The article discusses Letter Ruling No. LR 7291 issued by the Missouri Department of Revenue regarding the application of sales and use taxes to different fees and charges billed to restaurant franchises by an out-of-state franchisor company. It notes though that fax charges the taxpayer bills...

  • Strayhorn unveils online Texas business tax calculator.  // Clarendon Enterprise (TX);7/13/2006, Vol. 17 Issue 30, p1 

    The article reports on the launch of a tax calculator by Texas Comptroller Carole Keeton Strayhorn on her Web site. The calculator will allow Texans who are in business to estimate how much more in taxes they will pay to the state under the business tax increase implemented by Governor Rick...

  • Streamlining the Sales and Use Tax Process. Leskowicz, Joanne K. // Journal of State Taxation;Summer2001, Vol. 20 Issue 1, p11 

    It has been just over one year since the Streamlined Sales Tax Project was introduced. The project was announced formally on March 8, 2000, as a response to the growing number of requests by the business community for states to overhaul their sales and use tax laws, along with the states'...

  • MAINE.  // Sales & Use Tax Alert;3/1/2007, Vol. 17 Issue 4, p6 

    The article offers news briefs related to tax administration in Maine. It informs that the sales tax rule concerning sales to government agencies and exempt organizations has been improved. Maine Revenue Services has issued a sales tax instructional bulletin on resale certificates. A retailer...

  • NEW YORK.  // Sales & Use Tax Alert;3/1/2007, Vol. 17 Issue 4, p7 

    The article offers news briefs related to tax administration in New York. It informs that tax applies to a telephone service provider's purchases of telephone calling cards which provide information about its prepaid calling service. A company's charges for final graphic designs delivered...

  • SOUTH DAKOTA.  // Sales & Use Tax Alert;3/1/2007, Vol. 17 Issue 4, p7 

    The article offers news briefs related to tax administration in South Dakota. Paul Kinsman has been appointed as the Secretary of Revenue and Regulation. A publication from the Department of Revenue and Regulation explains the sales and use tax treatment of architects' purchases of blueprints...

  • TAX LAW CHANGES: HOW WILL MANUFACTURERS BE IMPACTED? Turnquist, Gary // Precision Manufacturing;Jan/Feb2014, p49 

    The article discusses the impact of the tax law changes on manufacturers in Minnesota. Topics covered include the minimum franchise tax, the sales and use tax, and research and development credit. Several areas of new exemption to the Minnesota sales tax are accessories and supplies for medical...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics