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Beaumont Texas Form 1120-S (Schedule K-1): What You Should Know

Up on revenues from personal income tax in FY 2018. 3.13% increase or 3.049% increase on revenues from sales/use tax in FY 2018. 3.09% increase or 3.040% increase on revenues from property taxes in FY 2018. 1.15% increase on revenues from fuel tax, up from 1.1% in fiscal year 2016. 1.3% increase on revenues from motor fuel excise tax, down from 1.5% in fiscal year 2016. 1.15% increase on revenues from gas tax, down from 1.1% in fiscal year 2016. Note: In fiscal year 2018-19, revenues increased 5.7% but were actually down 4.5% with the revenue from gas tax. There is also an increase in property taxes; however, as more and more of the state budget will go to paying for the school bonds, this property tax increase will be smaller (from an increase of 2.81% to 3.13% from FY13-17). Therefore, the budget is lessened as compared with FY18. For the revenue from motor fuel excise tax, the amount is lower (13.07%) as in FY17 due to the higher gas prices. The budget was 1.18 billion and is projected to be 1.12 billion, which is a decrease of 1.03 billion, or 1,034 per month. Revenue was 3.12 billion in FY18 and is estimated to be 3.05 billion for FY19. Budget and revenue amounts for FY 2018-19 are based on the FY18 budget of 1,032 per month. Tax Rates (Inflation Adjusted) 2018-19 Proposed Tax Rate Increase (From 2017) 1.9% (Actual Increase) 2.3% (Actual Increase) 2.8% (Actual Increase) 2017-18 Proposed Tax Rate Increase 1.8% (Actual Increase) 1.7% (Actual Increase) 1.3% (Actual Increase) 2018-19 Proposed Tax Rate Increase (From 2017) 1.9% (Actual Increase) 2.3% (Actual Increase) 2.2% (Actual Increase) 2017-18 Proposed Tax Rate Increase 1.7% (Actual Increase) 1.3% (Actual Increase) 1.

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