The following terms have the same meaning as defined in section 11.253 of the Texas Tax Code, as amended.
Bailee and warehouse.
Have the meanings assigned by section 7.102 of the Texas Business and Commerce Code, as amended.
Dealer’s motor vehicle inventory, dealer’s vessel and outboard motor inventory, dealer’s heavy equipment inventory, and retail manufactured housing inventory.
Have the meanings assigned by subchapter B, chapter 23 of the Texas Tax Code, as amended.
Goods in transit.
Tangible personal property that:
(1) 
Is acquired in or imported into this state to be forwarded to another location in this state or outside this state;
(2) 
Is stored under a contract of bailment by a public warehouse operator at one or more public warehouse facilities in this state that are not in any way owned or controlled by the owner of the personal property for the account of the person who acquired or imported the property;
(3) 
Is transported to another location in this state or outside this state not later than 175 days after the date the person acquired the property in or imported the property into this state; and
(4) 
Does not include oil, natural gas, petroleum products, aircraft, dealer’s motor vehicle inventory, dealer’s vessel and outboard motor inventory, dealer’s heavy equipment inventory, or retail manufactured housing inventory.
Location.
A physical address.
Petroleum product.
A liquid or gaseous material that is an immediate derivative of the refining of oil or natural gas.
Public warehouse operator.
A person that:
(1) 
Is both a bailee and a warehouse; and
(2) 
Stores under a contract of bailment, at one or more public warehouse facilities, tangible personal property that is owned by other persons solely for the account of those persons and not for the operator’s account.
(Ordinance 11-305 adopted 12/-/11)
A person is not entitled to an exemption from taxation of the appraised value of that portion of the person’s property that consists of goods in transit. A person’s property consisting of goods in transit is hereby subject to ad valorem taxation pursuant to section 11.253 of the Texas Tax Code, as amended.
(Ordinance 11-305 adopted 12/–/11)