EXEMPTION FROM ASSESSMENT OR TAXATION.

Tex. GOV'T Code § 1477.117.
in effect
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(a) A county is not required to pay any assessment on a natural gas system or any part of a natural gas system acquired or constructed under this subchapter. (b) A bond issued under this subchapter, a transfer of the bond, and the income from the bond, including any profit made from the sale of the bond, are exempt from taxation by this state or a political subdivision of this state. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026

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