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A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow the seller to collect funds for the tax from the consumer at the point of purchase. When a tax on goods or services is paid to a governing body directly by a consumer, it is usually called a use tax. Often laws provide for the exemption ...
Sales tax is calculated by multiplying the purchase price by the applicable tax rate. The seller collects it at the time of the sale. Use tax is self-assessed by a buyer who has not paid sales tax on a taxable purchase. Unlike the value added tax, a sales tax is imposed only at the retail level.
Resale - Resale certificates are the most commonly used of the sales tax exemption certificates. Sales taxes are applied to retail sales and so sales for the purpose of reselling are exempt to avoid double taxation. Reselling and wholesaling account for $844 billion of the American GDP, or 3.3%. [13]
The Texas Real Estate Commission (TREC) is the state agency that governs real estate practices in the state of Texas. The agency is headquartered at 1700 North Congress in Austin. [1] TREC is composed of nine members appointed by the Governor with the concurrence of the Texas Senate. The members are appointed for six-year terms, with the terms ...
Flooding in Port Arthur from Hurricane Harvey. From 1980 to the present, 81 tropical or subtropical cyclones affected the U.S. state of Texas.According to David Roth of the Weather Prediction Center, a tropical cyclone makes landfall along the coastline about three times every four years, and on any 50 mi (80 km) segment of the coastline a hurricane makes landfall about once every six years.
First-sale doctrine. The first-sale doctrine (also sometimes referred to as the "right of first sale" or the "first sale rule") is an American legal concept that limits the rights of an intellectual property owner to control resale of products embodying its intellectual property. The doctrine enables the distribution chain of copyrighted ...
The number of retailers with branded resale shops more than quadrupled from 36 in 2021 to 165 in 2023, according to ThredUp. ThredUp partners with brands like J.Crew, Kate Spade and H&M to manage ...
Separated from Texas by U.S. Supreme Court ruling in United States v. the State of Texas, 162 U.S. 1 (1896) and is now part of southwestern Oklahoma. Perdido County, formed in 1824 and forgotten during the upheavals of the 1840s. Perdido was reportedly abolished in 1858 and again in 1871. Records of annexation to Dawson County are also ...
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