Transportation Code § 364.054
A county may not be required to pay an assessment on property acquired under this chapter, and certain bonds and related income are exempt from state taxation. A county that buys a toll bridge from a private owner may also make payments instead of ad valorem taxes, with amounts set by the commissioners court.
- Jurisdiction
- United States — Texas
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- Code
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- Language
- en
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payments in lieu of taxes tax exemptions toll bridges
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Transportation Code § 364.054
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