An electric cooperative is exempt from all excise taxes but is exempt from the franchise tax imposed by Chapter 171, Tax Code, only if the cooperative is exempted by that chapter.
Tex. Util. Code § 161.062
EXEMPTION FROM EXCISE TAXES
Known as the Electric Cooperative Corporation Act
The act spans §§ 161–161 (47 sections).
Acts 1997, 75th Leg., ch. 166, 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.