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The tax was condemned as a "back door" state income tax by many organizations. [57] Perry claimed that the bill would save the average taxpayer $2,000 in property taxes. Critics contended that Perry inflated these numbers; the actual tax savings, some sources said, would average only $150 per family in the first year, and $1,350 over a three ...
The primary duties of the comptroller's office are to collect substantially all tax revenue owed to the State of Texas (this involves more than 60 different types of taxes from the sales tax-- the largest source of the state's tax revenue, since Texas does not have a personal income tax-- to minor items such as the "battery sales fee" -- a $2–$3 fee on sales of lead-acid batteries) and to ...
Texas began borrowing money in 2003 to pay for roads and was projected to owe $17.3 billion by the end of 2012, increasing total state debt from $13.4 billion in 2001 to $37.8 billion in 2011. [55] The state's public finance authority sold $2 billion in bonds for unemployment benefits, and it was authorized to sell $1.5 billion more if necessary.
The Texas Administrative Code contains the compiled and indexed regulations of Texas state agencies and is published yearly by the Secretary of State. [5] The Texas Register contains proposed rules, notices, executive orders, and other information of general use to the public and is published weekly by the Secretary of State. [6]
This table lists the tax revenue collected from each state, plus the District of Columbia and the territory of Puerto Rico by the IRS in fiscal year 2012, which ran from October 1, 2011, through September 30, 2012.
How does your state measure up?
In a 5–4 decision on April 8, 1895, the Court ruled that the unapportioned income tax on income from land was unconstitutional. On May 20, 1895, the Court expanded its holding to rule that the unapportioned income tax on income from personal property (such as interest income and dividend income) was also unconstitutional. [2]
Getty Images By Sandra Block Haven't filed your taxes yet? Chances are you fall into one of two categories: You owe the IRS money, or you've managed to find a lot of things to do before tackling ...