Last Updated: May 24, 2006 12:25am ET

Red Flags Rising Over Texas' New Tax

By Connie Gore

AUSTIN-A pair of key tax attorneys probe the far-reaching implications of six-day-old legislation that could threaten Texas' pro-business reputation. Leases, LPs, rents and independent contractors are now taxable prey.

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WASHINGTON, DC-A forthcoming report from Delta Associates shows that distressed commercial real estate in the United States totaled $166.9 billion in January 2012, down $4.7 billion since October 2011.

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