Sec. 1009.206. BONDS EXEMPT FROM TAXATION


Latest version.
  • The following are exempt from taxation by this state or a political subdivision of this state:

    (1) bonds issued by the district;

    (2) the transfer of the bonds; and

    (3) the bond revenues and profits made in the sale of the bonds.

Added by Acts 2005, 79th Leg., Ch. 729 , Sec. 1.01, eff. April 1, 2007.