Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the visual-form-builder domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/wp-includes/functions.php on line 6121

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the health-check domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/wp-includes/functions.php on line 6121

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the zox-news domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/wp-includes/functions.php on line 6121
Field guide to Taxes of Texas available – Bowie News
Connect with us

COUNTY LIFE

Field guide to Taxes of Texas available

Published

on

The Texas Comptroller’s office recently released Taxes of Texas: A Field Guide, a periodic report providing an overview of Texas’ major state taxes, andthe Tax Exemptions and Tax Incidence Report, which estimates the value of each exemption, exclusion, discount, deduction, special accounting method, credit, refund and special appraisal available to payers of Texas’ sales, franchise, motor vehicle sales and oil production taxes, as well as property taxes levied by school districts.

“As the 2023 legislative session kicks into high gear and legislators begin the difficult work of crafting a biennial budget, the Tax Exemptions and Tax Incidence Report provides lawmakers with exemption estimates to help them navigate a range of complex revenue and spending issues,” Texas Comptroller Glenn Hegar said.

In Tax Exemptions and Tax Incidence, Texans can see that for fiscal 2023, aggregate exemptions for these revenue sources will total an estimated $78.03 billion. Of this amount, exemptions related to state taxes included in the report account for $60.57 billion; school property tax exemptions account for the remaining $17.46 billion.

About $20.58 billion of the estimated fiscal 2023 amount represents sales tax exemptions for items taxable under other law, including insurance premiums, motor vehicle sales and motor fuels. Exemptions from the sales tax on those items are estimated to be worth $9.55 billion, $5.64 billion and $4.36 billion, respectively.

Other exemptions from the sales tax include $9.28 billion in raw materials used in manufacturing, $3.93 billion in food for home consumption and $1.05 billion worth of over-the-counter drugs and prescription medicines and devices.

Every year, the state collects billions in state taxes and fees, federal receipts and other sources of revenue. These funds are used to pay for all responsibilities of state government, including the education of nearly 5.4 million public school students and the provision of health insurance for more than 5 million low-income Texans.

In Taxes of Texas: A Field Guide, readers can:

  • learn how major taxes have contributed to state revenue during the past 10 years;
  • see revenue estimates, exemption value estimates and tax allocations; and
  • connect to other in-depth resources about state taxes.

“Using a graphic-rich overview of major state and local taxes, including historical collections and estimates of future growth, this guide highlights and compiles useful information from a variety of Comptroller reports in one easily accessed spot,” Hegar said.

Additional reports highlighting state spending and revenue are on the Comptroller’s website.

Continue Reading

COUNTY LIFE

Storms causing major damage to city streets

Published

on

Spring storms have been creating dangerous conditions for the past two weeks, and Mother Nature continues to douse North Texas with rain this week.
For January through April the City of Bowie water plant staff recorded 14.56 inches of rain, including a whopping 11.76 inches in April alone. For the first six days of May the rain has totaled 1.55 inches.
Nocona received a bit more rain for this period, a total of 19.28 inches according to Texas Mesonet. In April it recorded 9.89 inches and in March 3.25 inches. For the first six days of May 4.36 inches was recorded.
Lake Amon G. Carter is still more than 100% full and threatening to go

over the emergency spillway when it reaches 927 msl. The lake is considered full at 920 msl and as of May 6 it was 924.47 msl.
Last week, the city sent out flood warnings for those downstream in the path of water that could flow out of the lake across this spillway. One month ago the lake was full at 920.06
City Emergency Management Coordinator Kirk Higgins said Monday as of now no water has come out of the spillway, but he does not expect that to continue if the rain does not stop. The lake continues to be closed due to flooding.
Lake Nocona was at 828.44 msl on May 6 and is considered full at 827.5 msl. Just one month ago the lake was 88.4% full at 825.60 msl. Its boat ramps were closed briefly last week due to flooding, but have since reopened.
Last week’s heavy rainfall continues to plague city streets and low-lying areas. While not unexpected the creek that flows in the Nelson Street area east toward Pillar was raging full of storm water last week topping the creek bed going into the streets and under nearby houses.
Public Works Director Stony Lowrance said a section of Rock near Pillar has been closed, although Pillar remains open. A section of the curb and road on the creekside has broken away and fallen into the ditch creating hazardous road conditions. A small part of the street had been coned off as a small section had caved in last month.
Lowrance said they are keeping a close eye on this area as rains continue, noting this is not an unexpected problem as the Rock and Pillar Street has been debated in the city council as being the next major capital project for the city. Nearby Nelson Street drainage was completed in late 2024 and while it alleviated flooding issues in that area, it also is sending more water down to an intersection where the culverts are in the same deteriorated and eroded conditions as those were under Nelson Street that were replaced.

Top photo: A section of the curb and street near Pillar and Rock has collapsed into the creek bed following last week’s rains. (Photo by Rosie Cole)

Continue Reading

COUNTY LIFE

Chisholm Trail Rodeo gears up for 73rd year

Published

on

Nocona is saddling up for the 73rd annual Chisholm Trail Rodeo May 9-10 at the rodeo grounds in Nocona.
The rodeo will be nightly at 7:30 p.m. with a parade on Saturday at 3 p.m. Rodeo gates open at 6 p.m. Tickets are $12 in advance.
Along with the traditional rodeo events including bareback riding, saddle bronc, ranch bronc, bulls, ladies barrels, tie-down roping, ladies breakaway roping, steer wrestlers and team roping, there will be a calf scramble nightly for ages 8 and under and 9-12. Winners receive buckles. Friday night there will be an FFA calf scramble benefiting participating FFA chapters.
Mutton bustin’ will be conducted for those age eight and under at 7 p.m. nightly. The top five are back to performance. Enter onsite by 6:30 p.m. each night. Entry fee is $20 with buckles to the winners.

Read the full story and meet the rodeo queen and princess candidates in the Thursday Bowie News.

Continue Reading

COUNTY LIFE

Commissioner’s to meet May 12

Published

on

The Montague County Commissioner’s Court will meet at 9 a.m. on May 12.
A brief agenda of business awaits the court in its regular session.
The court will consider approving the Law Enforcement Support Office application.
Consider applying to the Texas Commission on Environmental Quality for a scrap tire facility permit.
Discuss precinct one removing excess dirt and debris from bar ditches and giving it to Gary Brewer, Rickey Joyce and David Steadham.

Continue Reading
Ad
Ad
Ad
Ad
Ad
Ad

Trending