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Senate Bill 1927 |
Senate Author: Zaffirini et al. |
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Effective: 6-17-11 |
House Sponsor: Garza |
Senate Bill 1927 amends the Tax Code to add a temporary provision authorizing a volunteer firefighter or emergency medical services organization that qualifies for a limited sales, excise, and use tax exemption to hold 10 tax-free sales or auctions during a calendar year, with each tax‑free sale or auction limited to a duration of not more than 72 hours. The bill exempts from the use tax the storage, use, or consumption of a taxable item that is acquired from such a qualified organization at a tax-free sale or auction and that is exempted from sales taxes until the item is resold or subsequently transferred. The authorization expires September 1, 2014.