Sec. 394.905. EXEMPTION FROM TAXATION. The housing finance corporation, all property owned by it, the income from the property, all bonds issued by it, the income from the bonds, and the transfer of the bonds are exempt, as public property used for public purposes, from license fees, recording fees, and all other taxes imposed by this state or any political subdivision of this state. The corporation is exempt from the franchise tax imposed by Chapter 171, Tax Code, only if the corporation is exempted by that chapter.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Structure Texas Statutes
Title 12 - Planning and Development
Subtitle C - Planning and Development Provisions Applying to More Than One Type of Local Government
Chapter 394 - Housing Finance Corporations in Municipalities and Counties
Subchapter Z. Miscellaneous Provisions
Section 394.901. Designation of Area as Economically Depressed or Blighted; Notice
Section 394.902. Housing for Elderly
Section 394.9025. Multifamily Residential Development
Section 394.903. Location of Residential Development; Residential Development Sites
Section 394.904. Exemption From Requirements and Restrictions Applying to Public Property
Section 394.905. Exemption From Taxation
Section 394.906. Conditions Under Which Federal Guarantee or Home Mortgage Insurance Not Required
Section 394.907. Corporation Powers Not Restricted; Police Powers Not Affected