Watercraft owned by dealer and held in inventory. Exempt from taxation for limited time, §48-5-504.40. Property taxes. Motor vehicle ad valorem taxation. Watercraft owned by dealer and held in inventory. Exempt from taxation for limited time, §48-5-504.40. Repairs. Sales and use taxes. Maximum amount of sales and use tax on boat maintenance, refitting or repair, §48-8-3.4. Sales and use taxes. Exemptions, §48-8-3. Maximum amount of sales and use tax on boat maintenance, refitting or repair, §48-8-3.4. Taxation. Contraband articles used in violations of title, §§48-2-82 to 48-2-84. Motor vehicle ad valorem taxation. Watercraft owned by dealer and held in inventory. Exempt from taxation for limited time, §48-5-504.40. BOARDS. County board of tax assessors. General provisions, §§48-5-290 to 48-5-314. BONA FIDE PURCHASERS.