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