Texas Tax Code

§ 160.002 — TOTAL CONSIDERATION

TX § 160.002Title 2. STATE TAXATION · Part E. SALES, EXCISE, AND USE TAXES · Ch. 160. TAXES ON SALES AND USE OF BOATS AND BOAT MOTORS · Art. A. GENERAL PROVISIONS

Statute text

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(a)"Total consideration" means the amount paid or to be paid for a taxable boat or motor, including accessories attached on or before the sale, without deducting:

(1)the cost of the item;

(2)the cost of material, labor or service, interest paid, loss, or any other expense;

(3)the cost of transportation of the item before its sale; or

(4)the amount of any manufacturer's or importer's excise tax imposed on the item by the United States.

(b)"Total consideration" does not include amounts separately stated on the bill or contract for the following:

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Legislative history

Added by Acts 1991, 72nd Leg., 1st C.S., ch. 5, Sec. 7.01, eff. Oct. 1, 1991.