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TX HB1252
TX HB1252Relating to an exemption from sales and use taxes for purchases up to a certain amount.
summary
Introduced
11/12/2024
11/12/2024
In Committee
03/10/2025
03/10/2025
Crossed Over
Passed
Dead
06/02/2025
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
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB1252 |
BillText | https://capitol.texas.gov/tlodocs/89R/billtext/html/HB01252I.htm |
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