Texas State Tax Update Webinar

To provide tax professionals with a practical understanding of current Texas tax developments, new federal conformity changes, and the knowledge needed to apply franchise tax, sales tax, payroll, and compliance rules.

• Texas Internal Revenue Conformity
  – Rolling and static conformity
  – Texas' hybrid conformity approach
  – Impact of federal tax law changes
• One Big Beautiful Bill Act (OBBBA)
  – Bonus depreciation and Net Depreciation Adjustment
  – Section 174 research expenditures
  – Section 163(j) interest expense
  – GILTI and FDII considerations
• Texas Tax Compliance
  – Payroll registration requirements
  – Contractor sales tax rules
  – Sourcing of receipts
  – Franchise tax filing requirements
  – No Tax Due threshold
  – Public Information Reports and affiliate reporting

Mary Jo Dolson, Managing Director, State and Local Tax, CBIZ

To provide tax professionals with a practical understanding of current Texas tax developments, new federal conformity changes, and the knowledge needed to apply franchise tax, sales tax, payroll, and compliance rules.

DETAILED LEARNING OBJECTIVES

• Distinguish rolling conformity from static and selective conformity

• Explain the hybrid federal conformity approach used for the Texas franchise tax

• Identify federal tax provisions that may affect Texas franchise-tax calculations

• Determine whether an asset may qualify for the one-time net depreciation adjustment

• Calculate the one-time net depreciation adjustment for a qualifying asset

• Describe the Texas treatment of qualifying Section 174 research and development expenditures

• Explain the Texas gross-receipts treatment of GILTI and FDII

• Differentiate the sales-tax treatment of lump-sum and separated construction contracts

• Apply Texas performance-based sourcing rules to receipts from services

• Recognize selected Texas franchise-tax reporting, identification, and filing requirements

• Texas Internal Revenue Conformity
  – Rolling and static conformity
  – Texas' hybrid conformity approach
  – Impact of federal tax law changes
• One Big Beautiful Bill Act (OBBBA)
  – Bonus depreciation and Net Depreciation Adjustment
  – Section 174 research expenditures
  – Section 163(j) interest expense
  – GILTI and FDII considerations
• Texas Tax Compliance
  – Payroll registration requirements
  – Contractor sales tax rules
  – Sourcing of receipts
  – Franchise tax filing requirements
  – No Tax Due threshold
  – Public Information Reports and affiliate reporting

Mary Jo Dolson, Managing Director, State and Local Tax, CBIZ