Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2017
Property Tax Annotations
205.0000 BUSINESS INVENTORY EXEMPTION
205.0240 Repair Parts. Parts used by a taxpayer to repair its property and to repair property of others, which it operates pursuant to agreements whereunder repairs, replacements, or modifications are at the taxpayer's sole cost and expense are used by the taxpayer in the course of its business and hence, are not eligible for the exemption. C 4/30/1999.