Texas Insurance Code 2203.360 – Exemption From Taxation
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Terms Used In Texas Insurance Code 2203.360
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Bonds issued under this subchapter, any interest from the bonds, and all assets pledged to secure the payment of the bonds are exempt from taxation by the state or a political subdivision of this state.