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For the 10 years of the tax benefit period, reduced local school district revenues are substantially replaced with state funds through the state public school finance system. [4] The Texas Tax Code gives the Texas Comptroller's office responsibility and authority to adopt rules necessary for the implementation and administration of the program. [5]
A resource rent tax is a tax on the rents gained on the exploitation of a resource. [ 1 ] [ 2 ] [ 3 ] It can cover both renewable and non-renewable resources. It is classically understood to be a tax on the surplus value generated by resource exploitation beyond the necessary costs of production (which includes rewards to capital). [ 1 ]
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TxGIO was established by the Texas Legislature in 1968 as the Texas Water-Oriented Data Bank. In 1972, after four years of growth and diversification, it was renamed the Texas Natural Resources Information System (TNRIS). In 2023, the 88th Texas Legislature officially renamed TNRIS to the Texas Geographic Information Office. [2]
Texas has a total of 254 counties, by far the largest number of counties of any state. Counties in Texas have limited regulatory (ordinance) authority. [1] Counties also have much less legal power than home rule municipalities. They can only pass ordinances (local laws with penalties for violations) in cases where the Texas statutes have given ...
As unrelenting heat set in across Texas this summer, opponents of a sweeping new law targeting local regulations took to the airwaves and internet with an alarming message: outdoor workers would ...
Resources that typically incur severance taxes when extracted include oil, natural gas, coal, uranium, and timber. Some jurisdictions use other terms like gross production tax . Note that severance taxes are used in jurisdictions where most resource extraction occurs on privately owned land and/or where sub-surface minerals are privately owned ...
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