Tex. Health & Safety Code § 383.015 · Subchapter B. OPERATION OF CONTROL FACILITY
TAXATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An issuer is not required to pay a tax or other assessment on a control facility or part of a control facility.
(b) Bonds issued under this chapter, the transfer of the bonds, and income from the bonds are exempt from taxation in this state.
(c) This chapter does not affect state law relating to an ad valorem tax imposed on a person who is not a public agency or political subdivision or on an interest held by such a person. A control facility purchased or used under this chapter is subject to ad valorem taxation payable by the person contracting with the issuer for the facility's purchase or use as if the contract created a leasehold.
Notes and commentary — not statutory text
History
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/HS/htm/HS.383.htm
- Text hash
- sha256 47cbc04fedf8da3107a2dcd3e800fcaff6a35261c344d081e5eeae5e834792c7
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.