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Agricultural, Public Interest, and Burial Organizations May Be Exempt from the Franchise Tax
Many nonprofit organizations may qualify for a franchise tax exemption, but must first submit a written application to the Texas Comptroller of Public Accounts. These organizations are still responsible for paying other ...
Directors and Officers May Be Liable for Corporate Debts in the Event of Forfeiture of Corporate Privileges for Tax Violations
Upon the occurrence of several specified tax violation events, the Texas Comptroller of Public Accounts may forfeit the corporate privileges of a corporation. Directors and officers of the corporation have personal liability ...
Religious Organizations May Be Exempt from the Franchise Tax
Religious organizations and many other kinds of organizations are allowed an exemption from the Texas franchise tax. To obtain the franchise tax exemption, organizations must submit an application to the Texas Comptroller ...
Taxpayers Must File Annual and Information Reports to Comply with the Franchise Tax
Taxpayers must file an annual report with the Texas Comptroller of Public Accounts by May 15 of each year unless they have been approved for a filing time extension.
Tips on Using Exemption Certificates to Rebut the Presumption That All Sales Are Taxable
Exemption certificates allow purchasers to obtain goods without paying Texas sales and use taxes. Both sellers and purchasers should retain copies of the exemption certificates for a minimum of four years for protection ...
Understanding Who Are Sellers or Retailers and Their Sales and Use Tax Obligations
The Texas Tax Code requires Texas retailers and sellers to collect sales tax for any taxable sale and remit such sales tax to the Texas Comptroller of Public Accounts.
The New Texas Margin Tax—Understanding the Effective Dates and Anticipated Legislative and Comptroller Guidance
The new Texas margin tax significantly changes Texas law, has a combined group reporting requirement, and has different effective dates for calendar year and fiscal year taxpayers.
Understanding the Use Tax
The Texas use tax applies to items store, used, or otherwise consumed in Texas.
Understanding the Sales and Use Tax Exemption for Religious, Education and Public Service Organizations
Certain religious, educational, and public service organizations may obtain a sales and use tax exemption by submitting a written application to the Texas Comptroller of Public Accounts. Organizations that are automatically ...
Out-of-State Retailers Engaged in Business in Texas Must Register and Collect the Sales and Use Tax
Texas law imposes a use tax on out-of-state retailers that bring items into Texas to store, use, or otherwise consume such items. Retailers collecting use tax should include the use tax in the sales price.