If Texas HB4072 becomes law, the way businesses calculate and remit sales tax will be fundamentally changed. Historically businesses have collected sales tax where the sale was made, usually where the business is located, and all sales tax was credited to the local taxing districts. The system worked well until the internet came along.Some Texas … [Read more...]
sales tax
Texas House Considering Bill to Change Sales Tax Collections
Tax Changes Create Winners and Losers
Chairman of the Texas House Ways and Means Committee, Representative Dustin Burrows (R-83rd) conducted a Facebook Live event discussing property tax reduction in Texas. He quoted a previous Committee Chairman that the problem with plans to reduce property tax in Texas inevitably creates winners and losers. The winners never thank you, and the … [Read more...]