Texas Statutes (Last Updated: January 4, 2014) |
TRANSPORTATION CODE |
Title 5. RAILROADS |
Subtitle I. SPECIAL DISTRICTS |
Chapter 173. INTERMUNICIPAL COMMUTER RAIL DISTRICTS |
Subchapter F. FINANCIAL PROVISIONS |
Sec. 173.257. TAX EXEMPTION
Latest version.
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District property, material purchases, revenue, and income and the interest on bonds and notes issued by the district are exempt from any tax imposed by this state or a political subdivision of this state.
Added by Acts 2009, 81st Leg., R.S., Ch. 85 , Sec. 2.04, eff. April 1, 2011.