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Bill > HB1252


TX HB1252

TX HB1252
Relating to an exemption from sales and use taxes for purchases up to a certain amount.


summary

Introduced
11/12/2024
In Committee
03/10/2025
Crossed Over
Passed
Dead
06/02/2025

Introduced Session

89th Legislature Regular Session

Bill Summary

AN ACT relating to an exemption from sales and use taxes for purchases up to a certain amount.

AI Summary

This bill proposes to modify the Texas Tax Code by adding a new exemption to the state's sales tax structure. Specifically, the bill introduces a provision that exempts the first $100 of any purchase from sales tax, which is currently set at 6.25% of the sales price. This means that for any purchase totaling $100 or more, the initial $100 will not be subject to sales tax, potentially providing a small financial benefit to consumers. The exemption would become effective on September 1, 2025, giving businesses and tax authorities time to prepare for and implement the change. The bill represents a modest effort to reduce the tax burden on consumers by providing a small buffer against sales tax for purchases at or above the $100 threshold.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to Ways & Means (on 03/10/2025)

bill text


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