Texas Taxes for the Construction Industry- New Construction

Description

This guidebook was designed to help contractors with projects in Texas understand the sales and use tax compliance issues associated with new construction projects.  

Topics include:

• the definition of new construction per the taxing authority
• lump sum contracts versus separated contracts
• when the contractor should charge sales tax and when the contractor should pay sales tax on purchases
• new construction projects with tax exempt entities
• projects with both new construction and repair, remodeling elements
• subcontractor responsibilities
• development work

Added bonuses include cheat sheets and checklists for invoicing customers, determining the taxability of construction related purchases and calculating use tax.