Gavvy: Gov’t Code, Sec. 1232.120. Exemption from Taxation.

Add your company name, a link, and a message to this page.

Sec. 1232.120. Exemption from Taxation.

Sec. 1232.120. EXEMPTION FROM TAXATION. An obligation issued by the board, any transaction relating to the obligation, and profits made from the sale of the obligation are exempt from taxation by this state or by a municipality or other political subdivision of this state.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Gavvy last updated this database on: Sep 6, 2024