The transfer and receipt of default charges are exempt from state and local sales and use, franchise, and gross receipts taxes.
Tex. Util. Code § 39.607
TAX EXEMPTION
Known as the Public Utility Regulatory Act
The act spans §§ 11–66 (1,170 sections).
Added by Acts 2021, 87th Leg., R.S., Ch. 908 (H.B. 4492), Sec. 5, 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.