Texas The Texas Constitution

§ 8.1-j — EXEMPTION FROM AD VALOREM TAXATION OF CERTAIN TANGIBLE PERSONAL PROPERTY TEMPORARILY LOCATED IN THIS STATE

CN § 8.1-j

Statute text

(a)To promote economic development in the State, goods, wares, merchandise, other tangible personal property, and ores, other than oil, natural gas, and other petroleum products, are exempt from ad valorem taxation by a political subdivision of this State if:

(1)the property is acquired in or imported into this State to be forwarded outside this State, whether or not the intention to forward the property outside this State is formed or the destination to which the property is forwarded is specified when the property is acquired in or imported into this State;

(2)the property is detained in this State for assembling, storing, manufacturing, processing, or fabricating purposes by the person who acquired or imported the property; and

(3)the property is transported outside of this State not later than:

(A)175 days after the date the person acquired or imported the property in this State; or

(B)if applicable, a later date established by the governing body of the political subdivision under Subsection (d) of this section.

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