Texas § 383.015 TAXATION.

Texas Statutes

§ 383.015 — TAXATION.

Texas § 383.015

Code HSHealth and Safety Code

This text of Texas § 383.015 (TAXATION.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Health and Safety Code Code Ann. § 383.015 (2026).

Text

Sec. 383.015. TAXATION.

(a)An issuer is not required to pay a tax or other assessment on a control facility or part of a control facility.

(b)Bonds issued under this chapter, the transfer of the bonds, and income from the bonds are exempt from taxation in this state.

(c)This chapter does not affect state law relating to an ad valorem tax imposed on a person who is not a public agency or political subdivision or on an interest held by such a person. A control facility purchased or used under this chapter is subject to ad valorem taxation payable by the person contracting with the issuer for the facility's purchase or use as if the contract created a leasehold. SUBCHAPTER C. BONDS

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Sec. 383.015. TAXATION. (a) An issuer is not required to pay a tax or other assessment on a control facility or part of a control facility.
(b) Bonds issued under this chapter, the transfer of the bonds, and income from the bonds are exempt from taxation in this state.
(c) This chapter does not affect state law relating to an ad valorem tax imposed on a person who is not a public agency or political subdivision or on an interest held by such a person. A control facility purchased or used under this chapter is subject to ad valorem taxation payable by the person contracting with the issuer for the facility's purchase or use as if the contract created a leasehold.
SUBCHAPTER C. BONDS