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Texas Transportation Code

§ 453.311 — INTEREST EXEMPTION

TN § 453.311Title 6. ROADWAYS · Part K. MASS TRANSPORTATION · Ch. 453. MUNICIPAL TRANSIT DEPARTMENTS · Art. G. BONDS

Statute text

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Interest on bonds issued by a transit department is exempt from any tax of the state or a state taxing authority.

Legislative history

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