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Showing posts from October, 2017

Texas: Tax Free Weekend

The state of Texas has enacted legislation that provides for tax-free weekends. The legislation is applicable to the sales transaction occurring during the following period when items are sold at a price that does not exceed $100. One of the primary reasons for enacting this legislation was to develop an opportunity to increase sales. This type of reduction in taxes allows retailers to offer lower prices on their products, which would in turn encourage consumers to make purchases. When is Tax Free Weekend in Texas 2017 The next Tax Free Weekend in Texas will be on October 20, 2017. What are examples of items that are exempt from taxes? Some examples of items that are exempt from taxes during the tax-free weekend include clothing, footwear, school supplies and backpacks. Clothing and footwear must be priced at $100 or less to qualify for the exemption. Clothing and footwear must be priced at $100 or less to qualify for the exemption. This includes items such as shirts, pants, dresses, h