Texas Governor Rick Perry has just vetoed a remote seller sales and use tax nexus bill (H.B. 2403) previously passed by the Texas legislature. The bill would have established sales and use tax nexus for certain remote sellers by expanding the definition of a “retailer” to include those that hold a substantial ownership interest in a person who maintains a business location in Texas or where a retailer holds a substantial ownership interest in a person who maintains a distribution center, warehouse, or similar location in Texas and who delivers property sold by the retailer to consumers. In his veto statement, Governor Perry said that he had “serious concerns about the impact and appropriateness” of the bill, adding that it risked “significant unintended consequences.”
Governor Perry’s veto statement can be viewed here: Veto statement.