The assets of a transit department are exempt from any tax of the state or a state taxing authority.
Official text of the Texas Transportation Code as published by the Texas Legislative Council.
Transportation Code › Title 6 › Chapter 453 › Subchapter C
Texas Transportation Code § 453.110
Tax Exemption
Municipal Transit Departments · Powers of Transit Department
Legislative history
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.