Texas Health and Safety Code 362.019 – Taxation
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(a) Bonds issued under this chapter, the transfer of the bonds, and income from the bonds are exempt from taxation in this state.
(b) A system purchased or leased under this chapter is subject to ad valorem taxation payable by the person contracting with the issuer according to state law. An item purchased or leased as part of a system is subject to all applicable state taxation.
Terms Used In Texas Health and Safety Code 362.019
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005