Texas Legislative Session Ends; Special Session Expected

2009-06-02T18:20:38+00:00

The 2009 Texas legislative session ended yesterday without passing key legislation to keep five Texas agencies in place long term -- including the Texas Department of Insurance and the Texas Department of Transportation.  The Texas Senate failed to vote on pending house bills that would have kept these agencies alive, but the Senate blamed the Texas [...]

Texas Legislative Session Ends; Special Session Expected2009-06-02T18:20:38+00:00

Bill filed in Texas Senate Would Exclude Tenant Pass-Through Payments from a Landlord’s Total Revenue

2009-03-03T21:02:31+00:00

Under current franchise tax law, 100% of the payments that a landlord receives from a tenant, including so-called "pass-through expenses" or "triple-net expenses," which are tenants' reimbursements of the landlord's operating expenses, are included in the landlord's Total Revenue for calculating Texas franchise tax owed.  Tenant pass-through expenses typically include real property taxes, insurance costs, [...]

Bill filed in Texas Senate Would Exclude Tenant Pass-Through Payments from a Landlord’s Total Revenue2009-03-03T21:02:31+00:00