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Texas COGS developments

The last several months have seen an abundance of developments in the treatment of the cost of goods sold (COGS) deduction for purposes of the Revised Texas Franchise Tax. These developments will have prospective and, in some cases, retroactive effects. In an effort to effectively report on these items, we are taking the shotgun approach -- short, compact summaries of the issues within the COGS calculation that have captured the attention of taxpayers and the Texas comptroller.

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