The bill, titled the Come and Take It Sales Tax Holiday Act, proposes an exemption from sales and use taxes for firearms, ammunition, and related items sold during a specified period. It introduces a new section, Section 151.31315, to Subchapter H of Chapter 151 of the Tax Code, defining key terms such as "ammunition," "firearm," and "firearm accessory." The bill stipulates that the exemption applies to the sale, storage, use, or consumption of these items during a designated timeframe, which begins at 12:01 a.m. on the second to last Friday in February and ends at 11:59 p.m. on the following Sunday.

Additionally, the bill clarifies that the changes in tax law will not affect any tax liabilities that accrued before the effective date of the Act, which is set for September 1, 2025. This means that any tax obligations incurred prior to this date will remain enforceable under the previous law.

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