Public-domain · open source
OpenJurist

Tex. Agric. Code § 55.010

EXEMPTION FROM FRANCHISE TAX

Acts 1981, 67th Leg., p. 1123, ch. 388, Sec. 1, eff

An association formed under this chapter is exempt from all franchise or other license taxes, except that:

(1) an association is not exempt from the annual license fee under Section 55.009 of this code; and

(2) an association is exempt from the franchise tax imposed by Chapter 171, Tax Code, only if exempted by that chapter.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.