Lege on the Horizon: Pass Through Payments & the Franchise Tax

The Texas Supreme Court denied to review a 3rd Court of Appeals Ruling that permitted Titan Transportation to exlcude from the calculation of the franchise tax, funds which Titan is contractually required to pay out to subcontractors.

Any restructuring/revising/elimination of the franchise/margins tax will address pass through payments/taxable revenue.  

Hegar & Paxton vs. Titan Transportation    Grant Throton LLP Tax Alert