Texas § TN.228.115 - EXEMPTION FROM TAXATION OR ASSESSMENT
Full text of Texas The Texas Constitution § TN.228.115 — EXEMPTION FROM TAXATION OR ASSESSMENT, with citation guidance and answers to common questions.
§ TN.228.115. EXEMPTION FROM TAXATION OR ASSESSMENT
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. 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. 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.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § TN.228.115
What does The Texas Constitution § TN.228.115 cover?
Section TN.228.115 ("EXEMPTION FROM TAXATION OR ASSESSMENT") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § TN.228.115?
A common citation format is "The Texas Constitution § TN.228.115" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § TN.228.115 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.