<?xml version='1.0' encoding='utf-8'?>
<section article="gtp" article_name="Tax - Property" number="7-231" title_number="7" title_name="Property Tax Exemptions" subtitle_number="2" subtitle_name="General Property Tax Exemptions">
  <level label="a">
    <text>As used in this section, “vessel” includes a ship, boat, or watercraft.</text>
  </level>
  <level label="b">
    <text>A vessel is not subject to valuation or to property tax if the vessel is:</text>
    <level label="1">
      <text>not more than 100 feet in length; or</text>
    </level>
    <level label="2">
      <text>regularly used in whole or in part in commerce outside the State.</text>
    </level>
  </level>
</section>
