Winstead Victory In Texas Tax Ruling Good News For Firms

Law360, Dallas (February 7, 2013, 9:00 PM EST) -- A Texas judge on Thursday said Winstead PC has the right to deduct certain employee benefits from its state franchise tax payments, rejecting a state rule that limited the deductions, in a ruling that could impact every law firm that pays Texas taxes.

Travis County District Court Judge Orlinda Naranjo granted Winstead summary judgment on its argument the state’s franchise tax statute unambiguously allowed businesses to deduct all employee benefits allowable under federal law. The judge ruled that the benefits claimed by the firm qualified as...
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