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Introduction Texas is one of the few U.S. states that does not impose a personal income tax, meaning residents do not file a state income tax return or claim traditional state-level tax credits. However, Texans can still benefit from federal tax credits, state-specific incentives, and local property or business-related credits that help reduce overall tax […]
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 […]