Texas HB2162 amends the Tax Code to classify certain sales of firearms as occasional sales for sales and use tax purposes.

Texas HB2162 amends the Tax Code to redefine "occasional sale" to include certain sales of firearms. Specifically, it classifies as occasional sales those made by individuals who do not hold a seller's permit, do not employ a broker or factor, and do not exceed specified annual sales limits. The bill also addresses use tax accrual and remittance for certain transactions involving permit holders. The changes do not affect tax liabilities accruing before the bill's effective date.

Texas HB2162 amends the Tax Code to classify certain sales of firearms as occasional sales for sales and use tax purposes.

Texas HB2162 amends the Tax Code to redefine "occasional sale" to include certain sales of firearms. Specifically, it classifies as occasional sales those made by individuals who do not hold a seller's permit, do not employ a broker or factor, and do not exceed specified annual sales limits. The bill also addresses use tax accrual and remittance for certain transactions involving permit holders. The changes do not affect tax liabilities accruing before the bill's effective date.