Tex. Tax Code § 151.306
This is the official text of Tex. Tax Code § 151.306, part of Texas’s Tax Code — governs state and local taxation.
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§ 151.306. TRANSFERS OF COMMON INTERESTS IN PROPERTY.
Official statutory text
If an interest in tangible personal property is sold, under the terms of a good faith, bona fide contractual relationship, to another person who either before or after the sale owned or owns a joint or undivided interest in the property with the seller, and if the taxes imposed by this chapter have previously been paid on the tangible personal property, the tangible personal property is exempted from the taxes imposed by this chapter.
Status: in_force · Read it on the official government site
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