Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2013
Property Tax Annotations
205.0000 BUSINESS INVENTORY EXEMPTION
205.0045 Demonstrators. Equipment used as demonstrators by salesmen employed to sell new equipment of the same type is eligible for the exemption. Equipment used as demonstrators by salesmen employed to lease equipment is ineligible, however, since the law applicable to leasing transactions does not permit exemption if there is any use other than leasing. C 12/15/1976.