Tex. Transp. Code § 228.115 · Subchapter C. TOLL REVENUE BONDS
EXEMPTION FROM TAXATION OR ASSESSMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commission is exempt from taxation of or assessments on:
(1) a toll project or system;
(2) property the department acquires or uses under this subchapter; or
(3) income from property described by Subdivision (1) or (2).
(b) Bonds issued under this subchapter and income from the bonds, including any profit made on the sale or transfer of the bonds, are exempt from taxation in this state.
Notes and commentary — not statutory text
History
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995. Amended by Acts 1995, 74th Leg., ch. 872, Sec. 2.12, 2.13, eff. Sept. 1, 1995; Acts 2003, 78th Leg., ch. 312, Sec. 37, eff. June 18, 2003; Acts 2003, 78th Leg., ch. 1325, Sec. 15.35, eff. June 21, 2003.
Transferred from Transportation Code, Section 361.187 and amended by Acts 2005, 79th Leg., Ch. 281 (H.B. 2702), Sec. 2.42, eff. June 14, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TN/htm/TN.228.htm
- Text hash
- sha256 de611e1a9d5226f7d471f0d18e69cd96d06a65a7ff6f63ac8aaef2fb74d8744d
- 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.