Texas Statutes
§ 228.115 — EXEMPTION FROM TAXATION OR ASSESSMENT.
Texas § 228.115
JurisdictionTexas
Code TNTransportation Code
This text of Texas § 228.115 (EXEMPTION FROM TAXATION OR ASSESSMENT.) 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. Transportation Code Code Ann. § 228.115 (2026).
Text
Sec. 228.115. EXEMPTION FROM TAXATION OR ASSESSMENT.
(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.
Transferred from Transportation Code, Section 361.187 and amended by Acts 2005, 79th Leg., Ch. 281 (H.B. 2702 ), Sec. 2.42, eff. June 14, 2005.
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Legislative History
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995. Amended by Acts 1995, 74th Leg., ch. 872, Sec. 2.12, 2.13, eff. Sept. 1, 1995; Acts 2003, 78th Leg., ch. 312, Sec. 37, eff. June 18, 2003; Acts 2003, 78th Leg., ch. 1325, Sec. 15.35, eff. June 21, 2003.
Nearby Sections
15
§ 228.001
DEFINITIONS.§ 228.002
AGREEMENTS WITH PUBLIC ENTITIES.§ 228.0031
AGREEMENTS WITH LOCAL GOVERNMENTS.§ 228.004
PROMOTION OF TOLL PROJECT.§ 228.005
REVENUE OF TOLL PROJECT OR SYSTEM.§ 228.006
USE OF SURPLUS REVENUE.§ 228.007
TOLL LANES.§ 228.008
TOLLS ON EXCLUSIVE LANE.§ 228.009
AUDIT.§ 228.010
ESTABLISHMENT OF TOLL SYSTEMS.§ 228.011
TOLL PROJECTS IN CERTAIN COUNTIES.§ 228.012
PROJECT SUBACCOUNTS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 228.115, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/TN/228.115.