Sec. 1509.163. 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 J - Specific Authority for Municipalities to Issue Securities
Chapter 1509 - Obligations for Other Municipal Purposes
Subchapter D. Bonds for Garbage Reclamation Projects
Section 1509.152. Authority for Garbage Reclamation Projects
Section 1509.153. Authority to Issue Bonds
Section 1509.154. Bond Payments From Revenue or Taxes
Section 1509.155. Additional Security
Section 1509.157. Ballot Proposition
Section 1509.158. Contents of Order or Resolution Authorizing Bonds
Section 1509.159. Adoption and Execution of Documents
Section 1509.161. Imposition of Tax