| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | By: Huffines S.B. No. 1688 | |
| 2 | 2 | ||
| 3 | 3 | ||
| 4 | 4 | A BILL TO BE ENTITLED | |
| 5 | 5 | AN ACT | |
| 6 | 6 | relating to the Memorial Day weekend sales tax exemption period. | |
| 7 | 7 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 8 | 8 | SECTION 1. Subchapter H, Chapter 151, Tax Code, is amended | |
| 9 | 9 | by adding Section 151.3275 to read as follows: | |
| 10 | 10 | Sec. 151.3275. MEMORIAL DAY SALES TAX HOLIDAY. (a) The | |
| 11 | 11 | sale of any item is exempted from the taxes imposed by this code if: | |
| 12 | 12 | (1) the total sales price is $25,000 or less; and | |
| 13 | 13 | (2) the sale takes place during a period beginning at | |
| 14 | 14 | 12:01 a.m. on the Saturday before the last Monday in May and ending | |
| 15 | 15 | at 12 midnight on that Monday. | |
| 16 | 16 | (b) For any purchase of more than $25,000, the amount above | |
| 17 | 17 | $25,000 is subject to taxes imposed by this code at half of their | |
| 18 | 18 | normal rate if the sale takes place during a period beginning at | |
| 19 | 19 | 12:01 a.m. on the Saturday before the last Monday in May and ending | |
| 20 | 20 | at 12 midnight on that Monday. | |
| 21 | 21 | SECTION 2. The change in law made by this Act does not | |
| 22 | 22 | affect taxes imposed before the effective date of this Act, and the | |
| 23 | 23 | law in effect before the effective date of this Act is continued in | |
| 24 | 24 | effect for purposes of the liability for and collection of those | |
| 25 | 25 | taxes. | |
| 26 | 26 | SECTION 3. This Act takes effect September 1, 2017. |