Reed Smith News Flashes

On April 16, 2021, the Texas Comptroller published proposed amendments to his rules regarding the research & development franchise tax credit and sales tax exemption. The proposed amendments are extensive, and, on the franchise tax side, intended to provide taxpayers with guidance about how the Comptroller interprets and applies relevant federal authority to the Texas credit. Stakeholders may submit comments on the Comptroller’s proposed amendments through May 16, 2021.

Autores: Danielle Ahlrich

Comments may be submitted to Teresa G. Bostick, Director, Tax Policy Division, P.O. Box 12528, Austin, Texas 78711-3528.

To download the Proposed Amendments to Comptroller Rule 3.599, please visit reedsmith.com.

To download the Proposed Amendments to Comptroller Rule 3.340, please visit reedsmith.com.

News Flash 2021-112