Sec. 1473.009. EXEMPTION FROM TAXATION. A bond issued under this subchapter, any transaction related to the bond, and profits made in 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 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle I - Specific Authority for Counties to Issue Securities
Chapter 1473 - Obligations for County Buildings
Subchapter A. Bonds for Public Libraries
Section 1473.001. Authority to Issue Public Library Bonds
Section 1473.002. Pledge of Revenue
Section 1473.003. Bonds Not Payable From Taxes
Section 1473.004. Contents of Order Authorizing Bonds
Section 1473.005. Adoption and Execution of Documents
Section 1473.007. Operating and Leasing Charges