Bonds issued by a district under this subchapter, any transaction relating to the bonds, and profits made in the sale of the bonds are free from taxation by the state or by any municipality, county, special district, or other political subdivision of the state.
Tex. Loc. Gov't Code § 351.157
TAX STATUS OF BONDS
Added by Acts 1989, 71st Leg., ch. 1, Sec. 74(a), 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.