Texas Comptroller Determines Sales Taxability of Taxpayer’s Provision of Information Services to Real Estate, Mortgage Industries

The Texas Comptroller of Public Accounts April 20 determined in a letter ruling the sales and use taxability of Taxpayer’s information services to the real estate and mortgage industries, including title reports and title searches (title products). Taxpayer provided in-state and out-of-state title products for both in-state and out-of-state customers. Taxpayer requested an opinion on whether the taxation of title products should be based on the address of the underlying property. The comptroller determined that: 1) Taxpayer’s title products were information provided by a title plant and were taxable information services, and therefore, local taxes due on sales of the ...