Sec. 11.25.  MARINE CARGO CONTAINERS USED EXCLUSIVELY IN INTERNATIONAL COMMERCE.  (a)  A person is entitled to an exemption from taxation of a marine cargo container and the equipment related to the container that the person owns if:
(1)  the person is:
(A)  a citizen of a foreign country;  or
(B)  an entity organized under the laws of a foreign country;  and
(2)  the container is:
(A)  based, registered, and subject to taxation in a foreign country;  and
(B)  used exclusively in international commerce.
(b)  In this section, "marine cargo container":
(1)  means a container that may be:
(A)  used to transport goods by ship;
(B)  readily handled;
(C)  transferred from one mode of transport to another without reloading;  and
(D)  used repeatedly;  and
(2)  includes a container that is fully or partially enclosed so as to serve as a compartment for goods, has an open top suitable for loading goods into the container, or consists of a flat rack suitable for securing goods onto the container.
Added by Acts 1997, 75th Leg., ch. 726, Sec. 1, eff. Sept. 1, 1997.