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Tag: Startup tax savings
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 […]
Data Center Exemption §151.359: Sales Tax Savings for AI Firms
AI and tech companies in Texas can qualify for major sales tax exemptions on servers, power systems, and cooling infrastructure under §151.359. This law can save millions in costs over 20 years , if you meet the eligibility rules. What is the Texas Data Center Exemption? Texas Tax Code §151.359 offers a state sales tax […]
Texas Homestead Exemption: How Homeowners Can Save on Property Taxes
Introduction Texas homeowners can significantly reduce their property tax bills by applying for a homestead exemption. This exemption lowers the taxable value of a home, which results in lower annual property taxes. This guide explains who qualifies for a Texas homestead exemption, how to apply, and how much homeowners can save. What Is a Texas […]
Best Tax Deductions for Small Business Owners in Texas
Introduction Running a small business in Texas comes with several tax advantages, including no state income tax and various deductions that reduce taxable income. Knowing which deductions you qualify for can help you lower your tax bill and maximize profits. This guide outlines the top tax deductions available to Texas small business owners, how to […]