The proposed bill, titled 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. It introduces a new section, Section 151.31315, to the Tax Code, which defines key terms such as "ammunition," "firearm," and "firearm accessory." The bill specifies that the exemption applies to the sale, storage, use, or consumption of these items 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.

Additionally, the bill clarifies that any tax liabilities incurred before the effective date of the Act will remain in effect, ensuring that the previous laws continue to govern the collection and enforcement of those taxes. The Act is set to take effect on September 1, 2025.

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