§ 16-3.6. Taxation of tangible personal property in transit.

(a)

Definitions. The following terms have the same meaning as defined in section 11.253 of the Texas Tax Code, as amended.

(1)

The terms "dealer's motor vehicle inventory," "dealer's vessel and outboard motor inventory," "dealer's heavy equipment inventory," and "retail manufactured housing inventory" have the meanings assigned by subchapter B, chapter 23 of the Texas Tax Code, as amended.

(2)

The term "goods-in-transit" is defined to mean tangible personal property that:

a.

Is acquired in or imported into this state to be forwarded to another location in this state or outside this state;

b.

Is detained at a location in this state in which the owner of the property does not have a direct or indirect ownership interest for assembling, storing, manufacturing, processing, or fabricating purposes by the person who acquired or imported the property;

c.

Is transported to another location in this state or outside this state not later than one hundred seventy-five (175) days after the date the person acquired the property in or imported the property into this state; and

d.

Does not include oil, natural gas, petroleum products, aircraft, dealer's motor vehicle inventory, dealer's vessel and outboard motor inventory, dealer's heavy equipment inventory, or retail manufactured housing inventory.

(3)

The term "location" means a physical address.

(4)

The term "petroleum product" means a liquid or gaseous material that is an immediate derivative of the refining of oil or natural gas.

(b)

A person is not entitled to an exemption from taxation of the appraised value of that portion of the person's property that consists of goods-in-transit. A person's property consisting of goods-in-transit is hereby subject to ad valorem taxation pursuant to section 11.253 of the Texas Tax Code, as amended.

(Ord. No. 8902, § 2, 12-13-07)