Firm partners David Colmenero and Alex Pilawski published an article with TXCPA "The Verdict is In. The Texas Franchise Tax is GILTI, Raising New Questions and Potential Issues"

In their latest article published with TXCPA, "The Verdict is In. The Texas Franchise Tax is GILTI, Raising New Questions and Potential Issues," firm partners David E. Colmenero and Alex J. Pilawski explore the Texas Comptroller's recent policy shift to conform the Texas franchise tax to the current Internal Revenue Code, including GILTI income. They discuss how this change raises complex questions about the treatment, sourcing, and apportionment of GILTI for Texas tax purposes, and the potential legal and constitutional implications. Mr. Colmenero and Mr. Pilawski highlight key considerations for taxpayers navigating these evolving rules and the potential challenges and opportunities that lie ahead.