Texas Labor Code - Section 203.261. Exemption From Taxation
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Texas Laws > Labor Code > Texas Labor Code - Section 203.261. Exemption From Taxation
§ 203.261. EXEMPTION FROM TAXATION. A bond issued under
this subchapter, any transaction relating to the bond, and profits
made from the sale of the bond are exempt from taxation by this
state or by a municipality or other political subdivision of this
state.
Added by Acts 2003, 78th Leg., ch. 317, § 5, eff. June 18, 2003;
Acts 2003, 78th Leg., ch. 817, § 6.05, eff. June 20, 2003.
Section: 203.254 203.255 203.256 203.257 203.258 203.259 203.260 203.261 203.262 204.001 204.002 204.003 204.004 204.005 204.006
Last modified: August 11, 2007
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