The City of Austin sued the Travis Central Appraisal District, the Texas Comptroller, and the Texas Attorney General over valuations of vacant land and commercial properties, excluding multifamily properties.
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 renewed and retroactively reinstated the Federal Alternative Fuel Credit under Internal Revenue Code Section 6426(d) through December 31, 2011.
New regulations allow taxpayers to elect the Alternative Simplified Credit calculation on amended returns, removing the prior restriction to timely filed returns.
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