Texas § HS.383.015 - TAXATION
Full text of Texas The Texas Constitution § HS.383.015 — TAXATION, with citation guidance and answers to common questions.
§ HS.383.015. TAXATION
TAXATION. (a) An issuer is not required to pay a tax or other assessment on a control facility or part of a control facility. (b) Bonds issued under this chapter, the transfer of the bonds, and income from the bonds are exempt from taxation in this state. (c) This chapter does not affect state law relating to an ad valorem tax imposed on a person who is not a public agency or political subdivision or on an interest held by such a person. A control facility purchased or used under this chapter is subject to ad valorem taxation payable by the person contracting with the issuer for the facility's purchase or use as if the contract created a leasehold. Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989. SUBCHAPTER C. BONDS
Frequently Asked Questions About Texas § HS.383.015
What does The Texas Constitution § HS.383.015 cover?
Section HS.383.015 ("TAXATION") 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 § HS.383.015?
A common citation format is "The Texas Constitution § HS.383.015" (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 § HS.383.015 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.