Tex. Util. Code § 104.375 · Subchapter I. CUSTOMER RATE RELIEF BONDS
TAX EXEMPTION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The sale or purchase of or revenue derived from services performed in the issuance or transfer of customer rate relief bonds issued under this subchapter is exempt from taxation by this state or a political subdivision of this state.
(b) A gas utility's receipt of customer rate relief charges is exempt from state and local sales and use taxes and utility gross receipts taxes and assessments, and is excluded from revenue for purposes of franchise tax under Section 171.1011, Tax Code.
Notes and commentary — not statutory text
History
Added by Acts 2021, 87th Leg., R.S., Ch. 805 (H.B. 1520), Sec. 5, eff. June 16, 2021.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/UT/htm/UT.104.htm
- Text hash
- sha256 175435be009b6e4c34dd1ccb62e9624f7f761038b88291bda649f31f0dce6f2a
- 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
This section cites
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