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The predecessor to the current comptroller's office started in 1846. The longest-serving Comptrollers in Texas history were Robert S. Calvert, who held the post for 26 consecutive years for an unprecedented twelve terms; George H. Sheppard, who served for 18 years over nine two-year terms; and Bob Bullock, who served for 16 years for four four-year terms and later was notable as one of the ...
Economy of Texas. The economy of the State of Texas is the second largest by GDP in the United States after that of California. It has a gross state product of $2.636 trillion as of 2023. [7] In 2022, Texas led the nation with the most companies in the Fortune 500 with 53 in total. [8]
Texas – no individual income tax but imposes a franchise tax on corporations. In May 2007, the legislature modified the franchise tax by enacting a modified gross margin tax on certain businesses (sole proprietorships and some partnerships were automatically exempt; corporations with receipts below a certain level were also exempt as were ...
The IRS offers two free options for individuals to file their taxes. One is Guided Tax Preparation filing which is free to taxpayers who made $73,000 or less in 2022. The Guided Tax Preparation ...
Franchise tax. A franchise tax is a government levy (tax) charged by some US states to certain business organizations such as corporations and partnerships with a nexus in the state. A franchise tax is not based on income. Rather, the typical franchise tax calculation is based on the net worth of capital held by the entity.
A "Tax Exemptions and Tax Incidence Report" prepared by the Texas Comptroller in November, 2020, estimated that limitation agreements would reduce school districts revenues by $916 million in 2022, and over $1 billion in 2023. [8]
Under the Texas Constitution the secretary of state is, with the governor, the lieutenant governor, the comptroller of public accounts, the commissioner of the Office of General Land and the attorney general, one of the six members of the Executive Department. Of these offices all are elected by the voters in statewide elections except the ...
University of Texas at Austin (BA) Carole Stewart Keeton (born September 13, 1939), formerly known as Carole Keeton McClellan, Carole Keeton Rylander and Carole Keeton Strayhorn, is an American politician and the former Texas Comptroller of Public Accounts. Elected to the comptroller's post in 1998 as a Republican, Keeton ran as an independent ...
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