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Comptroller Combs Nominates Trudgeon to State Tax Advisory CommitteeFreeport, Texas - April 10, 2008 As Texas businesses prepare to file franchise tax reports using the new margin calculation and other revisions to the tax, a panel of tax experts, legislators and business representatives has formed to analyze the revised franchise tax’s effect on the business community and the Texas economy. Members of the Business Tax Advisory Committee include Gary Trudgeon, Southwestern Tax manager, The Dow Chemical Company. The committee will study the relative share of tax paid by industries and businesses of various sizes; how the incidence of the tax compares with the economic makeup of the business community; how the tax structure and amounts paid compare to business taxes in other states; and the effect of the tax on the economic climate of the state, including the effect on capital investment and job creation. Texas Comptroller Susan Combs will chair the committee and has nominated the 16-member committee, including two tax experts, and 14 taxpayer members who represent the Texas economy in terms of firm size and industry mix. The Business Tax Advisory Committee will issue a report to the Legislature by January 2009. “These members represent a broad cross section of the business community,” Combs said. “The committee will have access to a wide array of franchise tax information that will be gathered at the Comptroller’s office, which will help members give a comprehensive report to the legislature.” Trudgeon represents the taxpayer nominees in the manufacturing sector. Combs’ other nominees to the Business Tax Advisory Committee are business tax experts Donna Rutter, CPA, and Dale Craymer of the Texas Taxpayers and Research Association. Taxpayer nominees, along with their industry, include David Gilliland and Mike Luther, services; Dan Hagan, transportation; Lynn Chilton, finance; Judy Lindquist, retail; Judy Kilgore, construction; A.J. Brune III, oil and gas; Emily Parrino, manufacturing; David White, communications; Sharon Aston, utilities; Joe Mack Hilliard, services; Eric Donaldson, services (trucking); and Andy Ellard, manufacturing. Senator Steve Ogden, Senator Kirk Watson, Representative Warren Chisum and Representative Myra Crownover will represent the Legislature on the committee. Find details on all the services of the Comptroller¹s office at www.window.state.tx.us, including a transparent look at state spending at www.window.state.tx.us/wherethemoneygoes. About Dow For Editorial Information:
Tracie Copeland |
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