Exemption from Taxation

Financing and Funds · Issuance of Financial Obligations for Unemployment Compensation Fund

A bond issued under this subchapter, any transaction relating to the bond, and profits made from the sale of the bond are exempt from taxation by this state or by a municipality or other political subdivision of this state.

Official text of the Texas Labor Code as published by the Texas Legislative Council.

Official source

Legislative history

Added by Acts 2003, 78th Leg., ch. 317, Sec. 5, eff. June 18, 2003; Acts 2003, 78th Leg., ch. 817, Sec. 6.05, eff. June 20, 2003.