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Tag: Sales tax exemption Texas
Texas Sales Tax Exemption on R&D Equipment
Tech and R&D-driven businesses in Texas can qualify for a sales-tax exemption on certain equipment and software purchases used for research and development. Under the 20% discount rule, you don’t need to apply for full exemption status , you can claim an automatic 20% sales tax reduction at point of sale. Here’s how it works […]
How to Claim the Texas R&D Tax Credit for Businesses
Introduction The Texas Research & Development (R&D) Tax Credit offers businesses an opportunity to reduce their tax liability by investing in innovation, product development, and technological advancements. This incentive helps companies lower their franchise tax or qualify for a sales tax exemption on R&D-related purchases. This guide explains who qualifies, how to calculate the credit, […]