Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2016
Property Tax Annotations
205.0000 BUSINESS INVENTORY EXEMPTION
205.0066 Linen Rentals. Fungible linens furnished pursuant to "requirements clause contracts" are eligible for the business inventory exemption while they are on the lessor's premises, even if they are bundled and scheduled for delivery. The lessor's premises includes its delivery vehicles if the contract requires the lessor to deliver linen supplies to the lessee's premises. C 10/23/1997.