Sec. 1108.208. 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) any profits made in the sale of the bonds.

Added by Acts 2011, 82nd Leg., R.S., Ch. 70 , Sec. 1.01, eff. April 1, 2013.