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TX SB755
Bill
Status
1/10/2025
Primary Sponsor
Mayes Middleton
Click for details
AI Summary
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Creates the "Come and Take It Sales Tax Holiday Act" establishing an annual sales and use tax exemption for firearms, firearm accessories, and ammunition in Texas
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Tax-free period runs from 12:01 a.m. on the second to last Friday in February through 11:59 p.m. on the following Sunday (a three-day weekend)
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Defines "firearm" and "ammunition" using federal definitions from 18 U.S.C. Section 921
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Defines "firearm accessory" as items used with or mounted on a firearm that are not essential to its basic function
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Takes effect September 1, 2025, and does not apply to tax liability that accrued before that date
Legislative Description
Relating to an exemption from sales and use taxes for firearms, ammunition, and other related items sold during a limited period.
Taxation
Last Action
Referred to Finance
2/7/2025