Business, Management and Accounting
8 years ago

Texas 'Margin' Tax Expansion Unconstitutional, Changing Business Landscape Forever.

3 views
SSRN Electronic Journal
An Income Tax by Any Other Name is Still an Income Tax: The Constitutionality of the Texas 'Margin' Tax as Applied to Partnerships and Other Unincorporated Associations
Nikki L. Laing

Paper Summary

The Texas franchise tax was changed in 2008 to include more businesses and alter how it's calculated. This change, known as the "margin tax," expanded the tax to new entities and changed how it's applied. However, this change violated the Texas Constitution by imposing an income tax on partnership and unincorporated association income without voter approval.

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