Sec. 173.257. TAX EXEMPTION. District property, material purchases, revenue, and income and the interest on bonds and notes 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 173 - Intermunicipal Commuter Rail Districts
Subchapter F. Financial Provisions
Section 173.252. Annual Budget
Section 173.253. Grants and Loans
Section 173.255. Purchase of Additional Insured Provisions
Section 173.256. Financing of Certain Transportation Infrastructure