Sec. 172.257. TAX EXEMPTION. District property and revenue and the interest on bonds issued by the district are exempt from any tax imposed by this state or a political subdivision of this state.
Added by Acts 2009, 81st Leg., R.S., Ch. 85 (S.B. 1540), Sec. 2.04, eff. April 1, 2011.
Structure Texas Statutes
Subtitle I - Special Districts
Chapter 172 - Rural Rail Transportation Districts
Subchapter F. Financial Provisions
Section 172.252. Annual Budget
Section 172.253. Grants and Loans
Section 172.255. Applicability of Public Property Financing Law; Prohibition on Ad Valorem Tax
Section 172.256. Nonnegotiable Purchase Money Notes; Bond Anticipation Notes