Property Tax Alert: Texas

December 2006

Certain cars and light trucks used for both business and personal purposes, which need not be rendered for taxation under Tax Code Sec. 22.01(k), are not thereby exempt from Texas personal property taxes. Sec. 22.01(k) exempts cars and light trucks used in the course of the owner's occupation or profession as well as for personal purposes from rendition for taxation. However, statutory rendition requirements are separate from tax exemptions. Neither the constitution nor statutes expressly exempt from taxation motor vehicles that are used for income-producing as well as personal purposes.

Please contact Rash & Associates for more information.