201312.13
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New Texas Exemptions

Exemption for Offshore Spill Containment System:  Tangible personal property that is used, or intended to be, solely in offshore spill response containment system is exempt from sales and use tax as of June 14, 2013 under House bill 1712. Services performed on qualifying property are also exempt. An entity formed primarily for the purpose of…

201311.29
0

New/Updated Texas Exemptions

Minimum Purchase Threshold Removed:  Effective Oct. 1, 2013, there will be no minimum purchase threshold requirement for exemption on the sale of gold, silver or numismatic coins or of platinum, gold or silver bullion thanks to House Bill 78.  Before, only sales of $1,000 or more to a purchaser in a single transaction qualified for…