Texas Natural Resources Code

§ 161.129 — TAXATION OF BONDS

NR § 161.129Title 7. RESOURCES PROGRAMS · Ch. 161. VETERANS LAND BOARD · Art. D. GENERAL OBLIGATION BONDS

Statute text

Bonds are exempt from any tax by the state and by cities, towns, villages, counties, school districts, and other political subdivisions and public agencies of the state.

Legislative history

Acts 1977, 65th Leg., p. 2661, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977. Amended by Acts 1993, 73rd Leg., ch. 242, Sec. 1.14, eff. Aug. 30, 1993.