A bond, note, or other obligation issued under this chapter, a transaction related to the bond, note, or other obligation, the interest on the bond, note, or other obligation, and the profit from the sale of the bond, note, or other obligation are exempt from taxation by this state or a political subdivision of this state.
Tex. Spec. Dist. Local Laws Code § 11020.0505
BONDS, NOTES, AND OTHER OBLIGATIONS EXEMPT FROM TAXATION
Added by Acts 2025, 89th Leg., R.S., Ch. 29 (S.B. 1194), Sec. 1, 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.