Tex.
Tax Code Section 160.001
Definitions
(1)
“Agent of the department” means an agent authorized under Section 31.006 (Appointment of Authorized Agent), Parks and Wildlife Code.(2)
“Boat” means a vessel not more than 115 feet in length, measured from the tip of the bow in a straight line to the stern.(3)
“Dealer or manufacturer” means a dealer or manufacturer as defined under Section 31.003 (Definitions), Parks and Wildlife Code, who has applied for and holds a current number under Section 31.041 (Duties of Dealers, Distributors, and Manufacturers; License Required), Parks and Wildlife Code.(4)
“Department” means the Parks and Wildlife Department.(5)
“Outboard motor” has the meaning assigned by Section 31.003 (Definitions), Parks and Wildlife Code.(6)
“Retail sale” means a sale of an item other than a sale in which the dealer or manufacturer acquires the item for the exclusive purpose of resale.(7)
“Sale” includes:(A)
an installment and credit sale;(B)
an exchange of property for property or money;(C)
an exchange in which property is transferred but the seller retains title as security for payment of the purchase price; and(D)
any other closed transaction that constitutes a sale.(8)
“Tax assessor-collector” means a county tax assessor-collector.(9)
“Taxable boat or motor” means:(A)
a boat other than a canoe, kayak, rowboat, raft, punt, or other vessel designed to be propelled by paddle, oar, or pole; or(B)
an outboard motor.(10)
“Seller-financed sale” means a retail sale of a taxable boat or boat motor in which the seller collects all or part of the total consideration in periodic payments and retains a lien on the boat or boat motor until all payments have been received. The term does not include a retail sale of a taxable boat or boat motor in which a person other than the seller provides the consideration for the sale and retains a lien on the boat or boat motor as collateral.(11)
“Title” means the certificate of title document as provided for under Chapter 31 (Water Safety), Parks and Wildlife Code.(12)
“Use” does not include the storage, display, or holding of an item exclusively for sale.
Source:
Section 160.001 — Definitions, https://statutes.capitol.texas.gov/Docs/TX/htm/TX.160.htm#160.001 (accessed Apr. 29, 2024).
