Tex. Tax Code § 151.306 · Subchapter H. EXEMPTIONS
TRANSFERS OF COMMON INTERESTS IN PROPERTY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
If an interest in tangible personal property is sold, under the terms of a good faith, bona fide contractual relationship, to another person who either before or after the sale owned or owns a joint or undivided interest in the property with the seller, and if the taxes imposed by this chapter have previously been paid on the tangible personal property, the tangible personal property is exempted from the taxes imposed by this chapter.
Notes and commentary — not statutory text
History
Acts 1981, 67th Leg., p. 1560, ch. 389, Sec. 1, eff. Jan. 1, 1982.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TX/htm/TX.151.htm
- Text hash
- sha256 0121dd70bb27843c0b222667ab7a3086adbd160f8f881cd6603b8b3dd7f4cce0
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
Provisions in this library whose text cites Tex. Tax Code § 151.306. Each shows the citation as that text prints it.
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