A public security issued under this subchapter, any transaction relating to the public security, and profits made from the sale of the public security are exempt from taxation by this state or by a municipality or other political subdivision of this state.
Tex. Ins. Code § 2210.618
EXEMPTION FROM TAXATION
Known as the Texas Windstorm Insurance Association Act
The act spans §§ 2210.001 to 2210.705 (181 sections).
Added by Acts 2009, 81st Leg., R.S., Ch. 1408 (H.B. 4409), Sec. 41, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.