§ 7-231. Personal property -- Vessels

Latest version.

   (a) "Vessel" defined. -- As used in this section, "vessel" includes a ship, boat, or watercraft.

(b) Exemption. -- A vessel is not subject to valuation or to property tax if the vessel is:

   (1) not more than 100 feet in length; or

   (2) regularly used in whole or in part in commerce outside the State.

HISTORY: An. Code 1957, art. 81, § 9A; 1985, ch. 8, § 2.

                    
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