84R8694 CBH-D
 
  By: Button H.B. No. 2694
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to an exemption from the sales tax for certain items sold
  by small businesses in this state during a limited period.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subchapter H, Chapter 151, Tax Code, is amended
  by adding Section 151.363 to read as follows:
         Sec. 151.363.  ITEMS SOLD BY CERTAIN BUSINESSES IN THIS
  STATE DURING SMALL BUSINESS SATURDAY. (a) For purposes of this
  section, a retailer is considered a small business for a particular
  year only if:
               (1)  each place of business of the retailer is in this
  state; and
               (2)  the retailer collected during the 12-month period
  ending September 30 of that year and remitted to the comptroller a
  total of not more than $312,500 in taxes imposed under this chapter
  from all of the retailer's places of business in this state.
         (b)  Notwithstanding Subsection (a)(2), if a retailer has
  been engaged in business in this state for less than 12 months, the
  retailer is considered a small business for a particular year if the
  retailer collected during the period beginning on the date the
  retailer first became engaged in business in this state and ending
  on September 30 and remitted to the comptroller a total of not less
  than $50,000 or more than $312,500 in taxes imposed under this
  chapter from all of the retailer's places of business in this state.
         (c)  The sale of tangible personal property by a retailer
  that is a small business is exempted from the taxes imposed by this
  chapter if:
               (1)  the sales price of the article is not more than
  $5,000; and 
               (2)  the tangible personal property is sold during a
  period beginning at 12:01 a.m. on the first Saturday after
  Thanksgiving and ending at 11:59 p.m. on that day.
         SECTION 2.  The change in law made by this Act does not
  affect tax liability accruing before the effective date of this
  Act. That liability continues in effect as if this Act had not been
  enacted, and the former law is continued in effect for the
  collection of taxes due and for civil and criminal enforcement of
  the liability for those taxes.
         SECTION 3.  This Act takes effect September 1, 2015.