The Comptroller highlights franchise tax issues facing the construction industry in its August 2010 Tax Policy News.  In addition to explaining other franchise tax issues, the Comptroller clarifies that the revenue exclusion permitted for flow-through payments to subcontractors is only permitted when the taxable entity has a contract with its client that states that the taxable entity will subcontract out a specific portion of the work.  Click here to review the August Tax Policy News. The August Tax Policy News also includes examples of how different franchise tax policies are applied in the construction industry.