Texas Tax Code 151.3291 – Boats and Boat Motors
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(a) The sale, other than the lease or rental, and the storage, use, or other consumption of a taxable boat or motor is exempt from the taxes imposed by this chapter.
(b) In this section, “taxable boat or motor” has the meaning assigned by § 160.001.
Terms Used In Texas Tax Code 151.3291
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC