Sec. 39.311. TAX EXEMPTION. Transactions involving the transfer and ownership of transition property and the receipt of transition charges are exempt from state and local income, sales, franchise, gross receipts, and other taxes or similar charges. Added by Acts 1999, 76th Leg., ch. 405, Sec. 39, eff. Sept. 1, 1999.
Tax Exemption
Tex. Utilities Code § 39.311, under Restructuring of Electric Utility Industry.
Tex. Utilities Code § 39.311