Sec. 1054.207. 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 and issuance of the bonds; and

    (3) profits made in the sale of the bonds.

Added by Acts 2007, 80th Leg., R.S., Ch. 920 , Sec. 1.02, eff. April 1, 2009.