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2008 Texas Tax Developments

Cynthia M. Ohlenforst, Sam Megally & Angela Johnson (all of K&L Gates, Dallas) have published Taxation, 62 SMU L. Rev. 1461 (2009). Here is the abstract:

The economic downturn that began during the closing months of the Survey period obviously places both taxpayers and taxing authorities under intense pressure to protect and increase revenue and will likely result in additional tax contests as both take more aggressive positions, particularly regarding uncertain and new areas of the law. In that context, it is especially noteworthy that the Survey period [Nov. 1, 2007 – Oct. 31, 2008]witnessed the first ever combined-group Texas franchise tax reports, multiple proposed and amended comptroller regulations, administrative decisions, and numerous property tax cases. This Survey highlights some of those cases and developments, illustrating a broad range of interesting 2008 Texas tax issues.


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