Wednesday, October 10, 2007

Comptroller Proposes Electronic Filing by Liquor Distributors

The Comptroller has proposed a change to rule 3.286 requiring "each wholesaler or distributor of beer, wine, or malt liquor" to electronically file with the state its monthly report on or before the 25th day of each month.

34 TAC § 3.286

Comments on the proposal may be submitted to Bryant K. Lomax, Manager, Tax Policy Division, P.O. Box 13528, Austin, Texas 78711.

This amendment is proposed under Tax Code, § 111.002, which provides the comptroller with the authority to prescribe, adopt, and enforce rules relating to the administration and enforcement of the provisions of Tax Code, Title 2.

The amendment implements Tax Code, § 151.433

Comptroller Asks for Comments to Proposed Franchise Tax Rules

The Comptroller has published its proposed rules on the new franchise tax and is requesting public comment.

Proposed Rules

Double-digit Increase in Sale Tax Revenues

The Comptroller has announced that sales tax collections have increased 12.7 percent from last year. Cities are reaping large checks from Austin as a result.

$1.5 Billion Extra Taxes

The Texas treasury is full, with the Comptroller announcing an surplus of $1.5 billion in taxes collected over the previously projected amounts.

Dallas News

Free Sales Tax Seminars

In Brownsville, the Texas Comptroller is offering a free seminar from 6 to 8 p.m. at the Comptroller’s Brownsville office, 1900 N. Expressway 77/83, Suite C-1. The seminar will be offered in Spanish from 6 to 8 p.m. on Wednesday.

If you need counseling, you can call the Comptroller toll-free at (800) 252-5555 or visit the Web site at www.window.state.tx.us.