Texas regulators are preparing to update rules governing inactive oil and gas wells, a move that could have significant implications for operators, landowners, and long-term environmental management across the state. The Texas Railroad Commission, which oversees oil and gas production, is reviewing how inactive wells are managed under a new state law aimed at reducing the number of wells that sit unused for extended periods. Historically, operators have been able to obtain ex

The Texas Railroad Commission has approved permitting for the proposed Rose Carbon Capture and Storage Project in Jefferson County, marking an important milestone for the state's growing carbon capture and storage (CCS) industry. The approval represents the first Class VI well permit issued by Texas since the state assumed primary regulatory authority for these types of carbon storage wells. The change allows Texas regulators to oversee permitting and administration of Class

Texas Comptroller Don Huffines has announced an executive order aimed at eliminating a tax interpretation that many small business owners viewed as a form of double taxation. The change affects marketplace and platform fees associated with online sales, food delivery, ride-sharing, short-term rentals, and other app-based services. The issue stems from a 2025 interpretation of the state's data processing tax rules that expanded taxable services to include marketplace fees char

Louisiana's 2027 property tax rules are out. Here are the highlights from the Louisiana Tax Commission's September 23 motions (effective 1/1/2027): 🖥️ Data centers get their own asset category for the first time: 5-year life for servers and GPUs, 12 years for power and cooling, 15 years for electrical infrastructure. 🏭 Fertilizer manufacturing M&E moves from an 8-year to a 15-year life. Expect higher values. 🛢️ Oil and gas changes: Rewritten production forecast rules (decl

The Texas Comptroller of Public Accounts has adopted amendments to 34 TAC §3.588 (Margin: Cost of Goods Sold) without changes from the version originally proposed in the April 3, 2026 issue of the Texas Register. The amendments update the franchise tax cost of goods sold (COGS) rules to reflect several recent legislative changes, align certain depreciation provisions with current federal tax law, and provide additional guidance for specific industries. [sos.texas.gov] The fin

The Texas Senate Finance Committee has been tasked with several key reviews: Examining whether to continue increasing the Homestead Exemption, a policy that voters have strongly supported in recent years. Analyzing the effects of lowering the senior homestead exemption age from 65 to 55, a shift that would freeze home values ten years earlier for more than 3 million Texans. Studying how these potential changes could influence taxpayers, school district budgets, and the long‑t

The federal Opportunity Zone program , originally created under the Tax Cuts and Jobs Act of 2017 to encourage investment in low-income communities through tax incentives, will sunset at the end of 2026 . A new Opportunity Zone program , established by tax legislation passed in 2025, will replace it. Key milestones include: July 1, 2026 : State governors must designate new Opportunity Zone areas. January 1, 2027 : The new program officially opens for investment. What’s Changi

S.7, Texas—Corporate Income, Property Taxes: Voters Approve Tax Changes Nov. 7, 2025 TX Property, Corporate Income In a statewide election held November 4, 2025, Texas voters approved several constitutional amendments making changes to the state's tax laws. Several of these amendments are aimed at lowering property taxes for specific groups: Proposition 7 (HJR 133): This amendment provides a property tax residence homestead exemption for the surviving spouses of veterans who