Sec. 39.658. TAX EXEMPTION. Transactions involving the transfer and ownership of uplift property and the receipt of uplift charges are exempt from state and local income, sales, franchise, gross receipts, and other taxes or similar charges.
Added by Acts 2021, 87th Leg., R.S., Ch. 908 (H.B. 4492), Sec. 5, eff. June 16, 2021.
Structure Texas Statutes
Title 2 - Public Utility Regulatory Act
Subtitle B - Electric Utilities
Chapter 39 - Restructuring of Electric Utility Industry
Subchapter N. Winter Storm Uri Uplift Financing
Section 39.651. Purpose; Use of Proceeds
Section 39.653. Debt Obligation Order
Section 39.654. Commission-Authorized Financing
Section 39.655. Other Financial Mechanism
Section 39.656. Uplift Charges Nonbypassable
Section 39.660. Customer Charges
Section 39.662. Property Rights
Section 39.663. Pledge of State
Section 39.664. Legal Actions Involving Pricing or Uplift Actions