Texas Tax Code

§ 152.024 — TAX ON AN EVEN EXCHANGE OF MOTOR VEHICLES

TX § 152.024Title 2. STATE TAXATION · Part E. SALES, EXCISE, AND USE TAXES · Ch. 152. TAXES ON SALE, RENTAL, AND USE OF MOTOR VEHICLES · Art. B. IMPOSITION OF TAX

Statute text

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(a)A tax is imposed on each party to a transaction involving the even exchange of two motor vehicles.

(b)The tax on each party is $5.

(c)No transfer of title in an even exchange shall be accomplished until the taxes have been paid.

Legislative history

Acts 1981, 67th Leg., p. 1589, ch. 389, Sec. 1, eff. Jan. 1, 1982.