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Texas Transportation Code

§ 451.363 — TAX EXEMPTION

TN § 451.363Title 6. ROADWAYS · Part K. MASS TRANSPORTATION · Ch. 451. METROPOLITAN RAPID TRANSIT AUTHORITIES · Art. H. BONDS

Statute text

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The interest on an authority's bonds is exempt from state and local taxes.

Legislative history

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.