Texas Special District Local Laws Code § 1117.256 Bonds Exempt From Taxation

Sec. 1117.256. BONDS EXEMPT FROM TAXATION. The following are exempt from taxation by this state or a political subdivision of this state:

(1) bonds issued by the district;

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

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

Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.01, eff. April 1, 2015.

Section: Previous  1117.201  1117.202  1117.203  1117.204  1117.205  1117.206  1117.207  1117.251  1117.252  1117.253  1117.254  1117.255  1117.256  1117.301  1117.302  Next

Last modified: September 28, 2016