By Oliveira H.B. No. 3275 77R7407 DAK-F A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to exempting certain school mathematics instruments from 1-3 the sales and use tax for a limited time. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Subchapter H, Chapter 151, Tax Code, is amended by 1-6 adding Section 151.3264 to read as follows: 1-7 Sec. 151.3264. SCHOOL MATHEMATICS INSTRUMENTS FOR A LIMITED 1-8 TIME. A tangible item is exempt from the taxes imposed by this 1-9 chapter if the sale of the item takes place during the period 1-10 specified in Section 151.326(a) and if: 1-11 (1) the sales price of the item is less than $5 and 1-12 the item is: 1-13 (A) a ruler that is 15 inches in length or 1-14 shorter; 1-15 (B) a protractor; 1-16 (C) a compass; or 1-17 (D) a square; or 1-18 (2) the sales price of the item is less than $30 and 1-19 the item is a calculator. 1-20 SECTION 2. (a) This Act takes effect July 1, 2001, if it 1-21 receives a vote of two-thirds of all the members elected to each 1-22 house, as provided by Section 39, Article III, Texas Constitution. 1-23 If this Act does not receive the vote necessary for effect on that 1-24 date, this Act takes effect October 1, 2001. 2-1 (b) The change in law made by this Act does not affect taxes 2-2 imposed before the effective date of this Act, and the law in 2-3 effect before the effective date of this Act is continued in effect 2-4 for purposes of the liability for and collection of those taxes.