Texas Tax Code

§ 151.329 — CERTAIN SHIPS AND SHIP EQUIPMENT

TX § 151.329Title 2. STATE TAXATION · Part E. SALES, EXCISE, AND USE TAXES · Ch. 151. LIMITED SALES, EXCISE, AND USE TAX · Art. H. EXEMPTIONS

Statute text

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The following items are exempted from the taxes imposed by this chapter:

(1)materials, equipment, and machinery that enter into and become component parts of a ship or vessel that is of eight or more tons displacement and is:

(A)used exclusively and directly in a commercial enterprise, including commercial fishing; or

(B)used commercially as a vessel for pleasure fishing by individuals as paying passengers on the vessel;

(2)a ship or vessel of eight or more tons displacement, that is used exclusively and directly in a commercial enterprise and is sold by the vessel's builder;

(3)materials and labor used in repairing, renovating, or converting a ship or vessel that is of eight or more tons displacement and that is used exclusively and directly in a commercial enterprise;

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Legislative history

Acts 1981, 67th Leg., p. 1568, ch. 389, Sec. 1, eff. Jan. 1, 1982. Amended by Acts 1995, 74th Leg., ch. 230, Sec. 1, eff. July 1, 1995.