Call to the Texas Legislature: The Franchise Tax Needs Substantive Changes, Not Just Rate Reductions

Date

2015

Authors

Outenreath, Alyson

Journal Title

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Volume Title

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Abstract

This articles addresses one of several substantive issues that persist in the Texas Franchise Tax Code that requires the legislature’s attention. With the next legislative session set to begin in early 2017, the hope is this article will serve as a call to the Texas Legislature to focus on addressing substantive issues in the Texas Franchise Tax Code rather than just simple rate reductions. Substantive changes are needed to ensure taxpayers are being subjected to a tax system that is fair, equitable, and that makes sense.

Description

Keywords

Texas franchise tax, Texas, tax law, franchise tax, passive entity exemption, Internal Revenue Code

Citation

Alyson Outenreath, Call to the Texas Legislature: The Franchise Tax Needs Substantive Changes, Not Just Rate Reductions, 47 St. Mary's L.J. 351 (2015).