 Article
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Taxing the Margins?
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July 29, 2008
Previously published by Land & Construction News of Texas on Winter 2008
In an attempt to find new funding for public schools, reduce property tax rates, and close loopholes in the Texas Franchise Tax, the Texas legislature enacted a significant revision of the Franchise Tax, commonly known as the Margin Tax. As part of the "loophole" closing, the revised Franchise Tax now taxes previously exempt entities, most notably Limited Partnerships.
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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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