The proposed bill, known as the Come and Take It Sales Tax Holiday Act, aims to create a temporary exemption from sales and use taxes for firearms, ammunition, and related items. This exemption would apply during a designated period starting at 12:01 a.m. on the second to last Friday in February and ending at 11:59 p.m. on the following Sunday. The bill introduces new legal definitions for "ammunition," "firearm," and "firearm accessory," as well as stipulating that the sale, storage, use, or consumption of these items during the specified period would be exempt from taxes imposed by the Texas Tax Code.

Additionally, the bill clarifies that any tax liabilities that accrue before the effective date of the Act, which is set for September 1, 2025, will remain in effect and enforceable under the previous law. This ensures that the new provisions do not retroactively affect any existing tax obligations.

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