Sec. 3503.154. EXEMPTION FROM TAXATION. The property, revenue, and income of the authority and of each nonprofit corporation created under Section 3503.111 are exempt from all taxes imposed by the state or a political subdivision of the state.
Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.02, eff. April 1, 2007.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 493 (S.B. 1563), Sec. 2, eff. June 16, 2015.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle B - Defense Base Development
Chapter 3503 - Texamericas Center
Subchapter D. Additional Financial Provisions
Section 3503.151. Use of Revenue From Other Governmental Entities; Limitation
Section 3503.152. Fees for Use of Other Governmental Entities' Utilities
Section 3503.154. Exemption From Taxation