The assets of a transit department are exempt from any tax of the state or a state taxing authority.
Tex. Transp. Code § 453.110
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.