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TX – Tax Holiday for College Books

Posted by salestax on May 11, 2007

Now, let’s see how they define “books.”  Does this mean only college text books for a college class?  What about the books that you’re just supposed to read – novels in Literature classes.  Books to do research papers.  Does this really mean all books for these 10 days are exempt as long as a college ID is provided??  I’m skeptical…  

From the CCH tax research network: 

Texas –Sales and Use Tax: Tax Holiday for College Book Purchases Proposed

          The Texas Senate has passed a bill that would create a sales tax exemption for purchases of books by college and university students during a limited period in August and January each year. 

                  The exemption would apply to book purchases by full-time or part-time students enrolled at an institution of higher education or a private or independent college or university that is located in Texas and is accredited by a recognized accrediting agency. A person may establish his or her status as a full-time or part-time student by presenting a valid student identification card.

10-Day Exemption Period in August and January

          The exemption would apply to sales that take place during a 10-day period (1) beginning at 12:01 a.m. on the third Friday in August and ending at 12 midnight on the second Sunday following that date or (2) beginning at 12:01 a.m. on the second Friday in January and ending at 12 midnight on the second Sunday following that date.

          If enacted, the bill would take effect July 1, 2007, if it receives a two-thirds vote in each house. If the bill does not receive a two-thirds vote, it would take effect October 1, 2007.

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