Tex. Tax Code § 152.024 — TAX ON AN EVEN EXCHANGE OF MOTOR VEHICLES

(a) A tax is imposed on each party to a transaction involving the even exchange of two motor vehicles. (b) The tax on each party is $5. (c) No transfer of title in an even exchange shall be accomplished until the taxes have been paid. Acts 1981, 67th Leg., p. 1589, ch. 389, Sec. 1, eff. Jan. 1, 1982.