Texas Statutes (Last Updated: January 4, 2014) |
UTILITIES CODE |
Title 2. PUBLIC UTILITY REGULATORY ACT |
Subtitle B. ELECTRIC UTILITIES |
Chapter 39. RESTRUCTURING OF ELECTRIC UTILITY INDUSTRY |
Subchapter G. SECURITIZATION |
Sec. 39.311. TAX EXEMPTION
Latest version.
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Transactions involving the transfer and ownership of transition property and the receipt of transition charges are exempt from state and local income, sales, franchise, gross receipts, and other taxes or similar charges.
Added by Acts 1999, 76th Leg., ch. 405, Sec. 39, eff. Sept. 1, 1999.