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.
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