By: Bernal H.B. No. 452
A BILL TO BE ENTITLED
AN ACT
relating to a sales and use tax refund for certain small businesses.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter I, Chapter 151, Tax Code, is amended
by adding Section 151.4306 to read as follows:
Sec. 151.4306. TAX REFUNDS FOR CERTAIN SMALL BUSINESSES
(a) This section applies only to small businesses as defined by
Section 481.401(10), Government Code, and a person who files a
rendition statement under Section 22.01, Tax Code.
(b) Notwithstanding Section 111.104(b), a person who is
subject to taxation of income-producing tangible personal property
is entitled to an annual refund for taxes paid under this chapter
equal to the amount of ad valorem tax paid on income-producing
tangible personal property in the previous tax year.
(c) A refund under this section shall not exceed the amount
of taxes paid under this chapter.
(d) The comptroller by rule may provide additional
procedures for claiming a refund under this section.
SECTION 2. This Act applies only to ad valorem taxes imposed
for a tax year that begins on or after the effective date of this
Act.
SECTION 3. This Act takes effect January 1, 2026.