Latest Texas Sales Tax News

Texas sales tax treatment of leases and rentals of tangible personal property according to Comptroller Rule 3.294. Key points include: Leases and rentals are taxable as sales. Operating Lease: Allows use of leased property for a specific period. Written contracts are treated as operating leases unless they qualify as financing…

Rules for Texas Marketplace Sellers and Marketplace Providers In Texas, a "marketplace" is defined as any physical or electronic platform where individuals or businesses—other than the platform owner or operator—sell taxable items. This definition includes stores, websites, software applications, and catalogs. While the term can apply broadly, it most commonly…

Texas Sales Tax Exemptions on Manufacturing machinery natural gas and data centers Texas businesses are exempt from state sales and use tax on specific expenses, including manufacturing machinery & equipment, natural gas & electricity, and certain data center expenses. Manufacturing Machinery & Equipment Leased or purchased machinery, equipment, replacement parts,…

Is there Texas sales tax on rental equipment Many businesses in Texas rely on machinery and equipment to perform services. While some companies purchase equipment outright, others choose to rent from third-party providers or outsource equipment-related services entirely. Although these transactions may seem straightforward, they can be more complex when…

How to Calculate Texas Franchise Tax Revenue Threshold Businesses with annual revenue above $2,470,000 are required to file a franchise tax report. Businesses below this threshold do not need to file a franchise tax report but may still be required to file a Public Information Report or Ownership Information Report.…

Texas Car Dealer Deferred Sales Tax Attorney The deferred sales tax law enables buy-here-pay-here (BHPH) dealers to pay sales tax based on the payments received from buyers, rather than paying the full sales tax upfront at the time of the vehicle transfer. It also ensures that dealers are not required…

Is there sales tax on labor for residential rental property repairs in Texas Labor to repair, remodel, or restore residential real property is not taxable...there's a BUT coming up! Residential real property means family dwellings, including apartment complexes, nursing homes, condominiums, and retirement homes. It does not include hotels or…

Texas Contractor Sales Tax Flow Chart If you are a contractor in Texas and you are wondering whether or not you owe sales tax and at what point, then, this flow chart will solve your problems. Common questions: Is it the General Contractor or the Subcontractor that has to pay…