Tex. Transportation Code § 228.115
This is the official text of Tex. Transportation Code § 228.115, part of Texas’s Transportation Code — governs vehicles, drivers, and roadways.
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§ 228.115. EXEMPTION FROM TAXATION OR ASSESSMENT.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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