Bill > SB2412

This bill creates a sales tax holiday specifically for firearms, ammunition, and firearm accessories by adding a new section to the Texas Tax Code. The bill defines key terms using federal definitions: "ammunition" and "firearm" are defined according to 18 U.S.C. Section 921, and "firearm accessory" is defined as an item used with or mounted on a firearm that is not essential to its basic function. During a specific period (which is referenced but not detailed in this excerpt), sales, storage, use, or consumption of these items will be exempt from state sales taxes. The bill, named the "Come and Take It Sales Tax Holiday Act," will take effect on September 1, 2025, and does not retroactively affect tax liabilities that existed before its effective date. This legislation aims to provide a temporary tax break for consumers purchasing firearms and related items during a designated time frame.