Sec. 363.142. TAX STATUS OF BONDS. Since a public agency is a public entity performing an essential public function, bonds issued by the public agency, any transaction relating to the bonds, and profits made in the sale of the bonds are exempt from taxation by the state or by a municipality, county, special district, or other political subdivision of the state.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Section: Previous 363.119 363.131 363.132 363.133 363.134 363.135 363.136 363.137 363.138 363.139 363.140 363.141 363.142 363.143 363.144 NextLast modified: September 28, 2016