The article reports that the Texas Office of the Comptroller has granted a tax-exempt status to the Church of Freethought, after the Americans United for Separation of Church and State intervened in behalf...
You need to know the state and federal procedures regarding how to start a nonprofit in Texas if you plan to start a nonprofit organization in the state. Forming a nonprofit to secure federal and state tax-exempt status can be a complicated and time-consuming process. Therefore, it is advisa...
Once these four conditions have been met your nonprofit can apply for tax exempt status under section 501c3 with the Internal Revenue Service (IRS) by filingForm-1023online. If your application is approved, the IRS will send you a determination letter stating that your organization is exempt fro...
In Comptroller’s Decision No. 39,936 (2003), the Comptroller considered the exempt status of downhole equipment of the exact type and nature here involved under the law as it existed during the periods at issue here, expressly addressing Accession 8307L0524E01 (July 29, 1983) and other prio...
Further, DIR represents that Customers under this Contract are exempt from Federal Excise Taxes, 26 United States Code Sections 4253(i) and (j). DIR makes no representations about the tax exempt status of "assistance organizations" as defined under Texas law. Vendor must independently request and...
Texas Tax-Free Weekend Texas Comptroller Glenn Hegar announcedthat Texans can purchase certain items tax-free starting at 12:01 am Saturday, April 27th, and ending at midnight on Monday, April 29th. “Whether it’s fires, freezing temperatures, or tornadoes, severe weather conditions can strike ...
Texas Tax-Free Weekend Texas Comptroller Glenn Hegar announcedthat Texans can purchase certain items tax-free starting at 12:01 am Saturday, April 27th, and ending at midnight on Monday, April 29th. “Whether it’s fires, freezing temperatures, or tornadoes, severe weather conditions can strike ...
Here’s some good news: Texas doesn’t collect corporate income tax. Instead, you’ll need to know about: Annual tax for LLCs and corporations levied by theTexas Comptroller of Public Accounts State sales and use tax: fixed state rate, plus up to 2% in local tax for retail sales ...
In addition to a PIR, your Texas LLC will also be required to pay franchise tax and file an Annual Franchise Tax Report with the Comptroller’s office by May 15 each year if it earns more than $2.47 million in annual revenue.Franchise tax is levied at a rate of 0.75% for most ...
- a certificate or copy of a certificate issued by the state comptroller that shows that the owner of the vehicle has on deposit with the treasurer money or securities in at least the amount ($55,000) required by Texas Transportation Code (TRC), Section 601.122; - a surety bond issued by...