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Relating to the imposition of the use tax on tangible personal property purchased in another state and transferred to an affiliate of the purchaser before being brought into this state for storage, use, or other consumption.
No significant fiscal implication to the State is anticipated.
HB 2626 aims to ensure that the "use tax", which is a tax on the sales price paid by the purchaser of tangible personal property that is shipped or brought into Texas by an affiliate of the purchaser, is appropriately collected. The purpose of this legislation is to close a potential loophole that may allow some people to avoid paying the use tax.
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