Texas HB2481 exempts sales of clothing, footwear, and school supplies from sales and use taxes under certain conditions.

Texas HB2481 amends the Tax Code to exempt sales of clothing and footwear from sales and use taxes if the sales price is less than $150 and the sale occurs during a specific period before the start of the school year. Additionally, it exempts school supplies and backpacks from these taxes if purchased for students in public or private elementary or secondary schools, again under a price limit and during the same period. Starting in 2026, the price limit will be adjusted annually based on the consumer price index. The changes do not affect taxes imposed before the effective date of this Act.

Texas HB2481 exempts sales of clothing, footwear, and school supplies from sales and use taxes under certain conditions.

Texas HB2481 amends the Tax Code to exempt sales of clothing and footwear from sales and use taxes if the sales price is less than $150 and the sale occurs during a specific period before the start of the school year. Additionally, it exempts school supplies and backpacks from these taxes if purchased for students in public or private elementary or secondary schools, again under a price limit and during the same period. Starting in 2026, the price limit will be adjusted annually based on the consumer price index. The changes do not affect taxes imposed before the effective date of this Act.