Texas Government Code 1506.008 – Exemption From Taxation
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Terms Used In Texas Government Code 1506.008
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
A bond issued under this subchapter is exempt from taxation by this state or by a municipal corporation or any other political subdivision of this state.