Legal Trend Forecasting: Margins Tax Woes

This week Comptroller Hegar alerted us to a pending lawsuit that could cost the margins tax revenue up to $1.5B per year. For those keeping count, that could be at least 1/4 of the margin tax revenue. Oops.

Double oops on the impact to school finance once the TX Supreme Court issues its ruling later this year.

The legal case: American Multi Cinemas  

Texas Tribune