District bonds, a transaction relating to the bonds, and a profit made in the sale of the bonds are exempt from state or local taxation.
Tex. Transp. Code § 441.176
TAX EXEMPTION
Acts 1995, 74th Leg., ch. 165, 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.