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Texas Asks State High Court To Address Flow-Through Tax

By Ama Sarfo ( May 29, 2014, 1:41 PM EDT) -- Texas' comptroller on Wednesday urged the state Supreme Court to overturn a lower court ruling saying a transportation company's franchise tax debt calculations can exclude money it gives third-party contractors, arguing the company's payments aren't structured like typical flow-through funds in construction-related contracts. . . .

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