Figure: 34 TAC §3.161(b)(6)(E)
For Example:
Company X has a 60-day contract to rent 10-15 rooms each day. Under the terms of the contract Company X pays for the number of rooms occupied, but not less than 10 rooms per day.
Day |
No. of Rooms Occupied |
No. of Rooms Paid For |
No. of Rooms Exempt |
1-10 |
9 |
10 |
10* |
11-25 |
12 |
12 |
10* |
26-40 |
13 |
13 |
10* |
41-55 |
13 |
13 |
12** |
56-60 |
15 |
15 |
13*** |
* The minimum number of rooms in the range is exempt; the additional rooms above the minimum are not exempt because they have not been rented for 30 consecutive days.
** The two rooms above the minimum have been rented for 30 consecutive days and therefore are exempt beginning on the 31st consecutive day or day number 41.
*** The third room above the minimum has been rented for 30 consecutive days and therefore is exempt beginning on the 31st day or day number 56.