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Texas Tax Code - TAX § 21.03. Interstate Allocation

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) If personal property that is taxable by a taxing unit is used continually outside this state, whether regularly or irregularly, the appraisal office shall allocate to this state the portion of the total market value of the property that fairly reflects its use in this state.

(b) The comptroller shall adopt rules:

(1) identifying the kinds of property subject to this section; and

(2) establishing formulas for calculating the proportion of total market value to be allocated to this state.

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Cite this article: FindLaw.com - Texas Tax Code - TAX § 21.03. Interstate Allocation - last updated January 01, 2024 | https://codes.findlaw.com/tx/tax-code/tax-sect-21-03/

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