Texas Special District Local Laws Code § 1061.209 Bonds Exempt From Taxation

Sec. 1061.209. BONDS EXEMPT FROM TAXATION. The following are exempt from taxation by this state or a political subdivision:

(1) bonds issued or assumed by the district;

(2) the transfer and issuance of the bonds; and

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

Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.

Section: Previous  1061.160  1061.201  1061.202  1061.203  1061.204  1061.205  1061.206  1061.207  1061.208  1061.209  1061.251  1061.252  1061.253  1061.254  1061.255  Next

Last modified: September 28, 2016