Sec. 363.142. TAX STATUS OF BONDS. Since a public agency is a public entity performing an essential public function, bonds issued by the public agency, any transaction relating to the bonds, and profits made in the sale of the bonds are exempt from taxation by the state or by a municipality, county, special district, or other political subdivision of the state.
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 363 - Municipal Solid Waste
Section 363.131. Authority to Issue Bonds
Section 363.133. Bond Provisions
Section 363.134. Approval and Registration
Section 363.135. Bond Payment and Security
Section 363.136. Bond Election
Section 363.137. Other Security
Section 363.138. Bond Sale and Exchange
Section 363.139. Investment and Use of Proceeds
Section 363.140. Refunding Bonds
Section 363.141. Legal Investments; Security for Deposits
Section 363.142. Tax Status of Bonds
Section 363.143. Fees for Services