Sec. 152.055. LIABILITY OF CORPORATE PROPERTY FOR TAXES AND SPECIAL ASSESSMENTS. The property of a corporation created under Section 152.051 is not exempt from taxes or special assessments imposed by this state or a municipality or other political subdivision of this state. Added by Acts 1999, 76th Leg., ch. 227, Sec. 26, eff. Sept. 1, 1999.
Liability of Corporate Property For Taxes and Special Assessments
Tex. Water Code § 152.055, under River Authorities Engaged In Distribution and Sale of Electric Energy.
Tex. Water Code § 152.055