American Airlines Inc.’s appellate win will undermine the stability of Texas\u2019s chief business-tax system if allowed to stand, the comptroller told state justices in a petition for review.<\/p>\n
The statewide appeals court that hears challenges to state laws held<\/a> in April that federal Anti-Head Tax Act<\/a> bars Texas from imposing franchise taxes on the company\u2019s air transportation earnings. But the franchise tax isn\u2019t a tax \u201con\u201d gross receipts that falls under the act, but rather a \u201ccomposite tax\u201d that uses those gross receipts as part of the calculation of the taxpayer\u2019s entire business, the state comptroller told the Texas Supreme …<\/p>\n","protected":false},"excerpt":{"rendered":"American Airlines Inc.’s appellate win will undermine the stability of Texas\u2019s chief business-tax system if allowed to stand,…\n","protected":false},"author":2,"featured_media":391030,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[6207,18015,10642,137731,137730,137732,60429,27,29,28],"class_list":["post-391029","post","type-post","status-publish","format-standard","has-post-thumbnail","category-texas","tag-aviation","tag-corporate-income-tax","tag-federal-tax","tag-franchise-tax","tag-gross-receipts-tax","tag-preemption","tag-state-tax","tag-texas","tag-texas-headlines","tag-texas-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/391029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=391029"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/391029\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/391030"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=391029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=391029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=391029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}