Tex. Tax Code § 171.061

EXEMPTION--NONPROFIT CORPORATION ORGANIZED FOR EDUCATIONAL PURPOSES

Acts 1981, 67th Leg., p. 1694, ch. 389, Sec. 1, eff

A nonprofit corporation organized solely for educational purposes is exempted from the franchise tax.

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