Texas' New Margin Tax

Sutton, Giles; Yesnowitz, Jamie; O'Shea, Pat; LaBorde, John; Maziur, Doug
September 2006
Journal of State Taxation;Sep/Oct2006, Vol. 24 Issue 6, p35
Academic Journal
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.


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