Texas – Comptroller acquiesces to court decisions and revises flow-through exclusion and COGS policies

Start adding items to your reading lists:
or
Save this item to:
This item has been saved to your reading list.

July 2014

Overview

The Texas Comptroller of Public Accounts (Comptroller), in response to two taxpayer victories in state court, revised its policies with regard to whether construction related transactions qualify for the total revenue exclusion for flow-through funds or for the cost of goods sold (COGS) deduction. The policy announcement should pave the way for refunds where a taxpayer’s facts align with the court decisions and new policies.

Return to Tax research and insights

Contact us

Peter Michalowski

National SALT Practice Leader, PwC US

Tel: +1 (646) 471 5259

Follow us