{"data":{"id":"us-tx/tex.-government-code-1232.120","jurisdiction":"us-tx","citation":"Tex. Government Code § 1232.120","heading":"EXEMPTION FROM TAXATION.","body":"An obligation issued by the board, any transaction relating to the obligation, and profits made from the sale of the obligation are exempt from taxation by this state or by a municipality or other political subdivision of this state.\nAdded by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.","path":["GOVERNMENT CODE","TITLE 9. PUBLIC SECURITIES","SUBTITLE B. PROVISIONS APPLICABLE TO SECURITIES ISSUED BY STATE GOVERNMENT","CHAPTER 1232. TEXAS PUBLIC FINANCE AUTHORITY","SUBCHAPTER C. OBLIGATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1232.htm#1232.120","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"58818eafaa25dea9050d951a5502c47c918439c1887660d82ff75b8386bb3e87","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-1232.1191","next":"us-tx/tex.-government-code-1232.121"},"notice":"GroundRules: Original legal text. Not legal advice."}