Texas Comptroller Determines Economic Development Tax Wasn’t Terminated

The Texas Comptroller of Public Accounts Oct. 10 determined in a letter ruling that the economic development sales and use tax authorized under Local Government Code, Chapter 505 (Type B Corporations) continued to be imposed and collected in the City of Pasadena. Taxpayer, the Pasadena Economic Development Corporation, sent a letter to the comptroller in 2017 indicating that it was not providing notice to stop collecting the tax. Taxpayer inquired whether the comptroller now has any reason to believe that the tax has been or should be, terminated, and whether it continues to be imposed and collected. The comptroller explained ...