AICPA Recommendations on Proposed Texas Administrative Code on Data Processing Services

In a letter to the Texas Comptroller of Public Accounts, AICPA recommended that the proposed rule amendments to Texas Administrative Code (TAC), Title 34, Part 1, Chapter 3, Subchapter O, Rule § 3.330(a)(1) (dated Aug. 30, 2024), be modified to include and not delete the current rule exception for tax return preparation and all financial statements preparation in the definition of "data processing services."