Texas § TX.163.006 - CERTAIN TRANSACTIONS BETWEEN RELATED PERSONS
Full text of Texas The Texas Constitution § TX.163.006 — CERTAIN TRANSACTIONS BETWEEN RELATED PERSONS, with citation guidance and answers to common questions.
§ TX.163.006. CERTAIN TRANSACTIONS BETWEEN RELATED PERSONS
CERTAIN TRANSACTIONS BETWEEN RELATED PERSONS. (a) For purposes of the tax imposed under Chapter 151 , a sale, lease, rental, or other transaction between a person and a member, owner, or affiliate of the person involving an aircraft that would not be subject to tax or would qualify for an exemption from tax if the transaction were between unrelated persons remains not subject to tax or exempt from tax to the same extent as if the transaction were between unrelated persons. (b) No tax is imposed under Chapter 151 with respect to the use of an aircraft by an owner or member of the purchaser of the aircraft, by an entity that is an affiliate of the purchaser of the aircraft, or by an owner or member of an affiliate of the purchaser of the aircraft if: (1) with respect to the purchase of the aircraft, the purchaser paid the tax imposed under Chapter 151 ; or (2) the purchaser's purchase of the aircraft was exempt from the tax imposed under Chapter 151 , other than under: (A) Section 151.302 ; or (B) Section 151.304 , unless the purchase would have been exempt from tax under Section 151.304 if the owner, member, affiliate, or owner or member of the affiliate who is using the aircraft had been the purchaser. (c) For purposes of this section, the term "affiliate" means an entity that would be classified as a member of the purchaser's affiliated group under Section 171.0001 . Added by Acts 2015, 84th Leg., R.S., Ch. 631 (S.B. 1396 ), Sec. 1, eff. September 1, 2015.
Frequently Asked Questions About Texas § TX.163.006
What does The Texas Constitution § TX.163.006 cover?
Section TX.163.006 ("CERTAIN TRANSACTIONS BETWEEN RELATED PERSONS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § TX.163.006?
A common citation format is "The Texas Constitution § TX.163.006" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § TX.163.006 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.