Tex. Agric. Code § 55.010

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 55.010 - Exemption From Franchise Tax

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.

Tex. Agric. Code § 55.010

Amended by Acts 1981, 67th Leg., p. 2786, ch. 752, Sec. 15(c), eff. 1/1/1982.

Acts 1981, 67th Leg., p. 1123, ch. 388, Sec. 1, eff. 9/1/1981.