Staff photo— Jerry Larson, file Developers Shane and Cody Turner bought the Austin Arms apartments in 2014 and plan to renovate the complex dating back to the 1920s, though they have no immediate plans to start work.Staff photo— Jerry Larson, file Developer Shane Turner (pictured) and his brother, Cody Turner, bought the Austin Arms apartments in 2014 and plan to renovate the complex, which dates to the 1920s, though they have no immediate plans to start work.

Overall, Texas ranked 14th among the 50 states in its report, which is not bad, but the summary said Texas has room for improvement.

In the corporate tax category, Texas came in at No. It ranked sixth in individual income tax; 37th in sales tax; 12th in unemployment insurance; and 37th in property tax.

But whether that move will create higher gasoline prices at the pump has become a subject of debate, with UBS Financial Services predicting minimal impact and Bloomberg seeing gas prices higher than they would have been.

Gregg Laskoski, an analyst with Gas Buddy.com, suggests the announcement by OPEC could prove to be much ado about nothing.

The Tax Foundation said the culprit in Texas’ corporate tax structure is the Texas Margin Tax, which, in a report on the tax in 2015, the organization said “creates tax pyramiding” in that taxes stack up on top of other taxes as a product moves through the production chain.

The Tax Foundation finds the process so distasteful, it calls the margin tax “a failed experiment.” “Since going into effect in 2008, it has attracted criticism from experts in the field, attracted lawsuits from businesses that must comply with it, and attracted legislative changes as political pressure around the tax continues to mount,” The 2015 report states.

The United States, Canada and Mexico also may consider taking up the slack by increasing production.

Crude oil prices rose about a barrel last week, and Texas saw its statewide average price for regular unleaded gasoline increase by 2 cents, to

The Tax Foundation finds the process so distasteful, it calls the margin tax “a failed experiment.” “Since going into effect in 2008, it has attracted criticism from experts in the field, attracted lawsuits from businesses that must comply with it, and attracted legislative changes as political pressure around the tax continues to mount,” The 2015 report states.The United States, Canada and Mexico also may consider taking up the slack by increasing production.Crude oil prices rose about $5 a barrel last week, and Texas saw its statewide average price for regular unleaded gasoline increase by 2 cents, to $1.97 a gallon, according to an AAA Texas report released Thursday.Pizza Hut reportedly is interested in moving into the former Smashburger location in Lakewood Center.Chris Fender, district manager for Restaurant Management Co., which is a franchisee for Pizza Hut in the Waco area, said the chain “definitely has made phone calls” about the availability of the space on Valley Mills Drive near Wooded Acres Drive.“What they have announced is a preliminary framework for an agreement, but nobody can yet identify who’s in and who’s out,” Laskoski said.

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The Tax Foundation finds the process so distasteful, it calls the margin tax “a failed experiment.” “Since going into effect in 2008, it has attracted criticism from experts in the field, attracted lawsuits from businesses that must comply with it, and attracted legislative changes as political pressure around the tax continues to mount,” The 2015 report states.

The United States, Canada and Mexico also may consider taking up the slack by increasing production.

Crude oil prices rose about $5 a barrel last week, and Texas saw its statewide average price for regular unleaded gasoline increase by 2 cents, to $1.97 a gallon, according to an AAA Texas report released Thursday.

Pizza Hut reportedly is interested in moving into the former Smashburger location in Lakewood Center.

Chris Fender, district manager for Restaurant Management Co., which is a franchisee for Pizza Hut in the Waco area, said the chain “definitely has made phone calls” about the availability of the space on Valley Mills Drive near Wooded Acres Drive.

“What they have announced is a preliminary framework for an agreement, but nobody can yet identify who’s in and who’s out,” Laskoski said.

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The Tax Foundation finds the process so distasteful, it calls the margin tax “a failed experiment.” “Since going into effect in 2008, it has attracted criticism from experts in the field, attracted lawsuits from businesses that must comply with it, and attracted legislative changes as political pressure around the tax continues to mount,” The 2015 report states.

The United States, Canada and Mexico also may consider taking up the slack by increasing production.

Crude oil prices rose about $5 a barrel last week, and Texas saw its statewide average price for regular unleaded gasoline increase by 2 cents, to $1.97 a gallon, according to an AAA Texas report released Thursday.

Pizza Hut reportedly is interested in moving into the former Smashburger location in Lakewood Center.

.97 a gallon, according to an AAA Texas report released Thursday.

Pizza Hut reportedly is interested in moving into the former Smashburger location in Lakewood Center.

Chris Fender, district manager for Restaurant Management Co., which is a franchisee for Pizza Hut in the Waco area, said the chain “definitely has made phone calls” about the availability of the space on Valley Mills Drive near Wooded Acres Drive.

“What they have announced is a preliminary framework for an agreement, but nobody can yet identify who’s in and who’s out,” Laskoski said.