Sec. 362.019. TAXATION. (a) Bonds issued under this chapter, the transfer of the bonds, and income from the bonds are exempt from taxation in this state.
(b) A system purchased or leased under this chapter is subject to ad valorem taxation payable by the person contracting with the issuer according to state law. An item purchased or leased as part of a system is subject to all applicable state taxation.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Structure Texas Statutes
Title 5 - Sanitation and Environmental Quality
Subtitle B - Solid Waste, Toxic Chemicals, Sewage, Litter, and Water
Chapter 362 - Solid Waste Resource Recovery Financing Act
Subchapter B. Operation of System
Section 362.011. Authority to Acquire and Transfer Property
Section 362.012. Location of System
Section 362.013. Contract Terms and Procedures
Section 362.014. Public Agency Contract
Section 362.015. Payment of Contract From Sources Other Than Taxes
Section 362.016. Payment of Contract From Taxes
Section 362.017. Industrial Development Corporation