Tax Code § 152.061

Sec. 152.061. REGISTRATION OF MOTOR VEHICLE PURCHASED FOR RENTAL. (a) An owner of a motor vehicle purchased for rental may furnish the county tax assessor-collector a rental certificate in lieu of the motor vehicle sales or use tax imposed by Sections 152.021 and 152.022 of this code. The county tax assessor-collector shall accept the motor vehicle for registration and issue a receipt for the license and title application. (b) A rental certificate may be furnished by: (1) a dealer licensed under Chapter 503, Transportation Code; or (2) the owner if the vehicle is for use in a rental business that rents at least five different motor vehicles within any 12-month period. (c) The rental certificate shall be in a form designated by the comptroller and must contain: (1) the name, address, and signature of the owner; (2) the owner's or dealer's license number or a statement by the owner that the rental business of the owner meets the activity requirements of Subsection (b) of this section; (3) the motor vehicle identification number; and (4) the amount of total consideration for the motor vehicle and the amount of tax that would be due if the rental certificate had not been furnished. Acts 1981, 67th Leg., p. 1591, ch. 389, Sec. 1, eff. Jan. 1, 1982. Amended by Acts 1997, 75th Leg., ch. 165, Sec. 30.255, eff. Sept. 1, 1997.