A society is not required to pay any annual franchise tax, except that a society is exempt from the franchise tax imposed by Chapter 171, Tax Code, only if exempted by that chapter.
Tex. Agric. Code § 51.025
EXEMPTION FROM FRANCHISE TAX
Acts 1981, 67th Leg., p. 1101, ch. 388, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.