Firm partners David Colmenero and Alex Pilawski wrote an article for TXCPA "Texas Comptroller's Depreciation Deduction Policy Change Requires Prompt Taxpayer Action"

In their latest article published with the TXCPA, "Texas Comptroller's Depreciation Deduction Policy Change Requires Prompt Taxpayer Action," firm partners David E. Colmenero and Alex J. Pilawski dive into the Texas Comptroller's recent policy shift regarding Texas franchise tax conformity to the Internal Revenue Code. They explain how the Texas Comptroller's December 19, 2025 memo alters the longstanding approach to depreciation and gain on depreciable assets, updating conformity to current federal tax law and introducing a one-time Net Depreciation Adjustment for qualifying assets. Mr. Colmenero and Mr. Pilawski highlight the implications for 2026 Texas franchise tax reporting, the prospective relief available to taxpayers, and the potential for refund claims for prior years under statutory limits, providing critical insight for practitioners and businesses navigating these evolving rules.