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| public policy that concerns taxing, government spending, public debt, and management of government money. |
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| a compulsory contribution exacted by a government for a public purpose. |
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| a tax in which the effective tax rate fails as the tax base increases. |
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| a tax in which the effective tax rate increases as the tax base increases. |
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| businesses that provide services such as finance, health care, food service, data processing, or consulting. |
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| a fixed sum charged by government for a privilege. |
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| a budget in which total revenues and expenditures are equal, producing no deficit. |
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| an unrestricted state fund that is available for general appropriations. |
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| at the rate of 6.25% of a sale, the general sales tax is Texas's largest source of tax revenue. It is applied largely to the sale price of tangible personal property and the storage use, or other consumption of tangible personal property purchased, leased, or rented. |
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| Streamlined Sales Tax Project |
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| a voluntary effort by a number of states to simplify collection and administration procedures of the sales tax for sellers so that sales tax can be collected on Internet and catalog purchases. |
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| these are quantity-based consumption taxes on specific products. |
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| a selective sales tax on items such as cigarettes, other forms of tobacco, and alcoholic beverages. |
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| this tax is levied on the annual receipts of businesses organized to limit the personal liability of owners for the privilege of conducting business in the state. |
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| a tax levied against a portion of the wages and salaries of employees to provide funds for payment of unemployment insurance benefits to these people when they lose their jobs. |
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| an excise tax levied on a natural resource when it is severed form the earth. |
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| money, goods, or services given by one government to another. |
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| sale bonds backed by anticipated future payments of i.e. tobacco settlements. |
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| a fund used for stabilizing state finance when revenue is insufficient to cover state-supported programs. |
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| a plan indicating how much revenue a government expects to collect during a period and how much spending is authorized for agencies and programs. |
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| Legislative Budget Board (LBB) |
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Definition
| a 10-member body co-chaired by the lieutenant governor and the speaker of the House, this board and its staff prepare biennial current-services budget. In addition, the LBB assists with the preparation of a general appropriation bill at the beginning of a regular legislative session; and, if requested, staff members prepare fiscal notes that assess the economic impact of a proposed bill for resolution. |
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| the compilation of separate budgets by the legislative branch and the executive branch. |
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| the process whereby the governor and the Legislative Budget Board oversee implementation of the spending plan authorized by the Texas Legislature. |
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| a plan for equalizing financial support for school districts by transferring tax money from rich districts to poor districts. |
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| Toward Excellence Access and Success is a college financial assistance program that provides funding for qualifying students. |
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| Children's Health Insurance Program (CHIP) |
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| a program that provides medical insurance for children of low-income families. |
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| a program administered by the Texas Attorney General's Child Support Program in which medical support payments paid by noncustodial parents are used to provide insurance for the parent's children. |
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1. Lost wages
2. Actual expenses |
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Loss in quality of life:
1. Mental anguish
2. Disfigurement
3. Emotional distress |
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| Exemplary or punitive damages |
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Definition
| damages intended to punish the defendant |
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| Anyone who was younger than 18 when committing a capital crime cannot be executed. |
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| Anyone who is intellectually disabled when committing a capital crime cannot be executed. |
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