NFIB

The comptroller's decision to give small business owners another 30 days to pay their new Texas Margins Tax was highlighted in this week's Texas Weekly which includes comments from NFIB/Texas staff. As Texas Weekly points out, our members are deeply unhappy with the new business tax, but we appreciate the comptroller's decision to give small businesses an additional month to comply.

"Comptroller Susan Combs is putting off collection of the state's new business tax for a month, telling taxpayers they can miss the May 15 deadline by up to 30 days without a penalty.

"That won her kudos from the National Federation of Independent Business, a trade group that has complained long and loud about the new tax and about the deadlines facing taxpayers.

"The new margins tax was approved by the Legislature in special session two years ago, but isn't due until May 15. The forms taxpayers have to fill out for the new tax weren't ready until the end of March, though the comptroller's rules for the new levy were in place before that."

Read the full story from Texas Weekly