Interest on bonds issued by an authority is 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 457 › Subchapter F
Texas Transportation Code § 457.260
Interest Exemption
County Mass Transit Authority · Bonds
Legislative history
Added by Acts 1997, 75th Leg., ch. 165, Sec. 30.35(a), eff. Sept. 1, 1997.