Tax & Accounting Blog

Tennessee — Amendments Regarding the Valuation of Green Energy Source Property

Tennessee — Amendments Regarding the Valuation of Green Energy Source Property

Changes have been made to legislation regarding green energy source property valuation, effective 4/29/13:   The maximum wind source property value cannot initially exceed one-third of total assessed costs. The maximum solar source property value cannot initially exceed 12.5% of total installed costs. Other green source property’s maximum value cannot initially exceed its appropriate capacity … Read More

Property Tax Administration Guide Published In Texas

Property Tax Administration Guide Published In Texas

The Texas Comptroller of Public Accounts has published a property tax administration guide that provides information relating to the Property Tax Assistance Division. In addition to providing a basic overview of the Division, the guide includes information about the local appraisal system, property value study, the methods and assistance program, and other programs in the … Read More

United States Senate Passes Marketplace Fairness Act

United States Senate Passes Marketplace Fairness Act

On May 6, 2013, the United States Senate Passed the Reid amendments to S.743, the Marketplace Fairness Act,  on a bipartisan vote of 70-24.   The Marketplace Fairness Act imposes an obligation on out-of-state sellers to collect sales tax for companies with remote sales in excess of $1,000,000.  S.743, Section 2 (c).  Sellers who … Read More