Texas Sales Tax Exemption for Qualified Research
- Mar 18, 2015 | Gail Cole
The Texas Comptroller of Public Accounts is reminding taxpayers who are claiming the sales tax exemption for qualified research that the Annual Information Report (AIR) is due on March 31, 2015. The AIR must be remitted by taxpayers interested in renewing their Texas Qualified Research Registration Number.
Information on the report is needed by the Comptroller, who is required to report to the Texas Legislature the following information:
- The amount of qualified research performed in Texas
- The number of employees engaged in research and development in Texas
- Data regarding sales tax revenue
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