The transfer and receipt of default charges are exempt from state and local sales and use, franchise, and gross receipts taxes.
Official text of the Texas Utilities Code as published by the Texas Legislative Council.
Utilities Code › Title 2 › Chapter 39 › Subchapter M
Texas Utilities Code § 39.607
Tax Exemption
Restructuring of Electric Utility Industry · Winter Storm Uri Default Balance Financing
Legislative history
Added by Acts 2021, 87th Leg., R.S., Ch. 908 (H.B. 4492), Sec. 5, eff. June 16, 2021.