The interest on bonds issued by an authority is exempt from state and local taxes.
Official text of the Texas Transportation Code as published by the Texas Legislative Council.
Transportation Code › Title 6 › Chapter 463 › Subchapter E
Texas Transportation Code § 463.212
Tax Exemption
Regional Transit Authorities · Bonds
Legislative history
Added by Acts 2019, 86th Leg., R.S., Ch. 151 (H.B. 71), Sec. 1, eff. May 24, 2019.