96-1364 Business Tax Advisory Committee Report to the 83rd Texas ...

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The Business Tax Advisory CommitteeReport to the 83rd Texas LegislatureMembers of the Business Tax Advisory CommitteeSusan Combs, Chair Comptroller of Public Accounts AustinSen. Tommy Williams Texas Senate The WoodlandsSen. Kirk Watson Texas Senate AustinRep. Warren Chisum Texas House of Representatives PampaRep. Myra Crownover Texas House of Representatives DentonAndrew B. Breslow ExxonMobil HoustonDevreaux Broussard Kellogg, Brown and Root HoustonLynn Chilton Bank of America Charlotte, NCDale Craymer TTTARA AustinEric Donaldson Hot Shot Delivery HoustonBill Dvorak AT&T AustinAndy Ellard Manda Machine Co. DallasDavid Gilliland Duggins, Wren, Mann and Romero AustinDan Hagan American Airlines Fort WorthJoe Mack Hilliard Fencing Incorporated Corpus ChristiJudy Kilgore Pilgrim’s Pride Corporation Pittsburg, TexasSusan Lee Energy Future Holdings DallasJudy Lindquist HEB San AntonioEmily Parrino Dell Round RockDoug Rabe Tenet Healthcare DallasDonna Rutter Ernst & Young Fort WorthSusan Combs Texas Comptroller of Public Accounts January 2013
Report to the 83rd Texas LegislatureThe Business Tax Advisory CommitteeTable of ContentsIntroduction and Statutory Charge . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1SECTION 1: Comparison of Pre-Margin Tax to the Franchise Tax on Margin . . . . . . . . . . . . . . 3SECTION 2: Economic and Interstate Analysis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7SECTION 3: Observations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12Revenue Underperformance: Challenges of Using a Business Tax as a Revenue Source . . . . . . . . . 12Cost of Goods Sold (COGS): Use and Results of Application . . . . . . . . . . . . . . . . . . . . . . . . . . . 13Other Factors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15Auditing the Margin Base . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15Litigation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16Looking Ahead . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17January 2013 Susan Combs Texas Comptroller of Public Accountsi
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96-1364 Business Tax Advisory Committee Report to the 83rd Texas ...

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