Texas State Sen. Royce West's price limit of under $200 is twice that for exempt items during the state’s annual August back-to-school sales tax weekend and a...
The price limit is twice that for exempt items during the state’s annual August back-to-school sales tax weekend and a nod to recent inflation. Sneakers that cost $95 last year might cost $105 or $115 this year, putting them just out of range for the back-to-school sales tax exemption.“We also know it will bring out more people to shop, and some will spend on items that cost more than $200 bringing in more sales taxes,” he said.
The total cost to the state was to be about $4 billion per year of the biennium, according to the Texas Taxpayers and Research Association. That group estimates that Texans pay the ninth highest sales tax of any state, and with the combined local tax rate, Texans pay the 14th highest in the nation. It’s a tough tax to lower because sales taxes are the largest source of state revenue, West said. Sales tax revenue are is expected to keep rising through at least 2028, according to projections from the Texas comptroller.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Texas women's guard Kyndall Hunter transfers to Texas A&MAfter sitting out last season due to personal reasons, Texas guard and former Cypress...
Read more »
Texas G Kyndall Hunter transfers to Texas A&MAfter sitting out this season due to personal reasons, Texas guard and former Houston Cypress Creek star Kyndall Hunter will transfer to Texas A&M.
Read more »
Texas A&M, Baylor among Texas colleges to receive hoax shooting calls, prompting some lockdownsTexas A&M, Baylor among Texas colleges to receive 'swatting' calls, prompting some lockdowns
Read more »
Texas House panel to hear priority Wednesday bill establishing a state border unitA bill establishing a new protection unit that would tap regular citizens to help secure the border is on the agenda Wednesday by a House panel
Read more »
Texas state trooper clashes with parent of Uvalde shooting victimTensions in Uvalde escalate during a protest at an elementary school.
Read more »
Push for state recognition of Dallas Koreatown gains momentum at Texas legislatureMembers of the Texas House Culture, Recreation and Tourism Committee on Thursday heard testimony from members of North Texas' Korean American community who...
Read more »