Page 10 - Texas Tax Code News Today

To print this article, all you need is to be registered or login on Mondaq.com. The Texas Legislature in April passed H.B. 1445, which adopted amendments to the Texas sales tax law regarding medical and dental billing. Governor Greg Abbott on April 30, 2021, signed the bill, which aims to clarify the state law that has been in force since 1987. The new legislation contains a revision to Section 151.0039(b) of the Texas Tax Code to specifically exclude, as a potential ta...

Smithville ISD’s two elementary schools earned “D” ratings from the Texas Education Agency for 2018-19 (the most recent year available). The junior high...

Samsung subsidiary considers $670 million in solar farm projects in Central Texas Technology giant Samsung is considering spending $673 million to build solar energy farms in Central Texas, according to documents filed with the state. Samsung C&T, a subsidiary of Samsung Group, has negotiated tax breaks for the potential projects in Milam County, north of the Austin metro area.  Samsung C&T is one of a number of subsidiaries of Samsung Electronics, which already has a large Central Texas prese...

The Monday, May 10 meeting of Brown County Commissioners has been moved from the Courthouse to the Adams Street Community Center.  The reason is a large crowd is anticipated as Commissioners consider a request by IP Radian for a reinvestment zone and tax abatement for a proposed solar farm in southwest Brown County.  The meeting will begin at 9:00 am. Brown County Judge Paul Lilly issued the following press release regarding Monday’s County Commissioners meeting, We will have a second publi...

The Texas Legislature in April passed H.B. 1445, which adopted amendments to the Texas sales tax law regarding medical and dental billing. Governor Greg Abbott on April 30, 2021 signed ...

Texas legislators must stay focused on renewing Chapter 313 Michael Looney In 2001, the Texas Legislature passed the Texas Economic Development Act – a tool intended to bring investment and economic growth to Lone Star State. Called Chapter 313 after the Texas Tax Code section it modifies, the act allows school districts to compete for large-scale capital investments in their areas by offering temporary property tax abatements to companies. With one of the highest property tax rates in the na...

Many of the amendments are designed to bring the charter in line with state laws. Author: Scott Eslinger (12NewsNow) Updated: 1:36 PM CDT April 27, 2021 BEAUMONT, Texas — Voters in the City of Beaumont wont only be voting on a new mayor and in five city council races in the May 1 election. The City of Beaumont has 16 propositions to make 16 amendments to the citys charter. You wont see the city campaigning for any of the amendments as state law doesnt allow an...

Calhoun County, as well as the other 253 counties in Texas, was declared a disaster area by Governor Greg Abbott on Feb. 12.

Samsung Foundry has filed documents with authorities in Arizona, New York, and Texas seeking to build a leading-edge semiconductor manufacturing facility in the USA. The potential fab near Austin, Texas, is expected to cost over $17 billion and to create 1,800 jobs. If everything goes as planned, it will go online by the fourth quarter of 2023. There is an intrigue about the new fab though: Samsung hasnt stated which process node it will be designed for. Could Samsung be the first to 3nm in th...

The proposed facility is estimated to have a local economic impact of $8.6 billion over its first 20 years of operation, creating an estimated 1,800 direct jobs and 1,173 indirect jobs over 10 years. The company projects that the initial average annual wage for employees at the facility would be $66,254.