Gavvy: Spec. Dist. Loc. Laws Code, Sec. 11010.205. Bonds, Notes, and Other Obligations Exempt from Taxation.

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Sec. 11010.205. Bonds, Notes, and Other Obligations Exempt from Taxation.

Sec. 11010.205. BONDS, NOTES, AND OTHER OBLIGATIONS EXEMPT FROM TAXATION. A bond, note, or other obligation issued under this chapter, a transaction related to the bond, note, or other obligation, the interest on the bond, note, or other obligation, and the profit from the sale of the bond, note, or other obligation are exempt from taxation by this state or a political subdivision of this state.

Added by Acts 2017, 85th Leg., R.S., Ch. 806 (S.B. 1198), Sec. 2, eff. June 15, 2017.

Gavvy last updated this database on: Sep 6, 2024