Tex. Transp. Code § 364.054 · Subchapter C. BONDS AND FINANCES
TAX EXEMPTIONS; PAYMENTS IN LIEU OF TAXES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A county carrying out this chapter may not be required to pay an assessment on property acquired under this chapter.
(b) Bonds issued under this chapter, the transfer of those bonds, and income from those bonds, including profits from their sale, are exempt from taxation in this state.
(c) A county that purchases a toll bridge under this chapter from a private owner may make payments, in amounts determined by the commissioners court, in lieu of ad valorem taxes previously paid by the owner to any common or independent school district in which the property is located. The payments are considered operating expenses of the toll bridge for purposes of this chapter.
Notes and commentary — not statutory text
History
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TN/htm/TN.364.htm
- Text hash
- sha256 344639342ee255efaf9325630ca547b1cbc0b71e701e61f671ed5803603ebbc0
- 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.