Texas Tax Code

§ 11.25 — MARINE CARGO CONTAINERS USED EXCLUSIVELY IN INTERNATIONAL COMMERCE

TX § 11.25Title 1. PROPERTY TAX CODE · Part C. TAXABLE PROPERTY AND EXEMPTIONS · Ch. 11. TAXABLE PROPERTY AND EXEMPTIONS · Art. B. EXEMPTIONS

(a)A person is entitled to an exemption from taxation of a marine cargo container and the equipment related to the container that the person owns if:

(1)the person is:

(A)a citizen of a foreign country; or

(B)an entity organized under the laws of a foreign country; and

(2)the container is:

(A)based, registered, and subject to taxation in a foreign country; and

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Legislative history

Added by Acts 1997, 75th Leg., ch. 726, Sec. 1, eff. Sept. 1, 1997.