Texas HB452 provides an annual sales and use tax refund for small businesses equal to the ad valorem tax paid on income-producing tangible personal.

Texas HB452 amends the Tax Code to allow small businesses to receive an annual refund for sales and use taxes. This refund is equal to the amount of ad valorem tax paid on income-producing tangible personal property in the previous tax year. The refund cannot exceed the amount of taxes paid under this chapter. The comptroller may establish additional procedures for claiming a refund. This Act applies to ad valorem taxes imposed for tax years beginning on or after January 1, 2026.

Texas HB452 provides an annual sales and use tax refund for small businesses equal to the ad valorem tax paid on income-producing tangible personal.

Texas HB452 amends the Tax Code to allow small businesses to receive an annual refund for sales and use taxes. This refund is equal to the amount of ad valorem tax paid on income-producing tangible personal property in the previous tax year. The refund cannot exceed the amount of taxes paid under this chapter. The comptroller may establish additional procedures for claiming a refund. This Act applies to ad valorem taxes imposed for tax years beginning on or after January 1, 2026.