Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2013
Property Tax Annotations
205.0000 BUSINESS INVENTORY EXEMPTION
205.0180 Property Held on Consignment for Sale. When a boat is consigned for sale, its eligibility for exemption depends on the true intent of the owner. Individual facts such as length of the consignment, inclusion of the lien date, and location of the boat tend to indicate the intent but are not singularly controlling. C 11/20/1996; C 11/3/2011.