reglab/housing_qa huggingface dataset:
TX Tax Code § 171.001 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter A. Definitions; Tax Imposed|Section 171.001. Tax Imposed

Sec. 171.001.  TAX IMPOSED.  (a)  A franchise tax is imposed on  each taxable entity that does business in this state or that is chartered or organized in this state.(b)   The tax imposed under this chapter extends to the limits of the United States Constitution and the federal law adopted under the United States Constitution.(c)  The tax imposed under this section or Section 171.0011 is not imposed on an entity if, during the period on which the report is based, the entity qualifies as a passive entity as defined by Section 171.0003.Text of subsection effective until January 01, 2026(d)  Notwithstanding Subsection (a), the tax imposed under this chapter is not imposed on a taxable entity that qualifies as a new veteran-owned business as defined by Section 171.0005 until the earlier of:(1)  the fifth anniversary of the date on which the taxable entity begins doing business in this state; or(2)  the date the taxable entity ceases to qualify as a new veteran-owned business as defined by Section 171.0005.Text of subsection effective on January 01, 2026(d)  Repealed by Acts 2021, 87th Leg., R.S., Ch. 859 (S.B. 938), Sec. 9(3), eff. January 1, 2026.|Acts 1981, 67th Leg., p. 1691, ch. 389, Sec. 1, eff. Jan. 1, 1982.  Amended by Acts 1991, 72nd Leg., ch. 901, Sec. 53(a), eff. Aug. 26, 1991;  Acts 1991, 72nd Leg., 1st C.S., ch. 5, Sec. 8.01, eff. Jan. 1, 1992;  Acts 1993, 73rd Leg., ch. 765, Sec. 7, eff. Aug. 30, 1993;  Acts 1995, 74th Leg., ch. 914, Sec. 12, eff. Sept. 1, 1995;  Acts 1995, 74th Leg., ch. 1002, Sec. 1, eff. Jan. 1, 1996;  Acts 1997, 75th Leg., ch. 1185, Sec. 1, eff. Jan. 1, 1998;  Acts 1999, 76th Leg., ch. 184, Sec. 1, eff. Jan. 1, 2000;  Acts 2003, 78th Leg., ch. 209, Sec. 31, 32, eff. Oct. 1, 2003.Amended by: Acts 2006, 79th Leg., 3rd C.S., Ch. 1 (H.B. 3), Sec. 2, eff. January 1, 2008.Acts 2007, 80th Leg., R.S., Ch. 1282 (H.B. 3928), Sec. 5, eff. January 1, 2008.Acts 2015, 84th Leg., R.S., Ch. 329 (S.B. 1049), Sec. 4, eff. January 1, 2016.Acts 2015, 84th Leg., R.S., Ch. 329 (S.B. 1049), Sec. 9(2), eff. January 1, 2020.Acts 2021, 87th Leg., R.S., Ch. 859 (S.B. 938), Sec. 5, eff. January 1, 2022.Acts 2021, 87th Leg., R.S., Ch. 859 (S.B. 938), Sec. 9(3), eff. January 1, 2026.|
TX Tax Code § 171.0011 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter A. Definitions; Tax Imposed|Section 171.0011. Additional Tax

Sec. 171.0011.  ADDITIONAL TAX.  (a)  Except as provided by Section 171.001(c), an additional tax is imposed on a taxable entity that for any reason becomes no longer subject to the tax imposed under this chapter.(b)  The additional tax is equal to the appropriate rate under Section 171.002 of the taxable entity's taxable margin computed on the period beginning on the day after the last day for which the tax imposed on taxable margin or net taxable earned surplus was computed and ending on the date the taxable entity is no longer subject to the tax imposed under this chapter.(c)  The additional tax imposed and any report required by the comptroller are due on the 60th day after the date the taxable entity becomes no longer subject to the tax imposed under this chapter.(d)  Except as otherwise provided by this section, the provisions of this chapter apply to the tax imposed under this section.(e)  Repealed by Acts 2007, 80th Leg., R.S., Ch. 1282, Sec. 37(1), eff. January 1, 2008.|Added by Acts 1991, 72nd Leg., 1st C.S., ch. 5, Sec. 8.02, eff. Jan. 1, 1992.  Amended by Acts 1993, 73rd Leg., ch. 546, Sec. 1, eff. Jan. 1, 1994.Amended by: Acts 2006, 79th Leg., 3rd C.S., Ch. 1 (H.B. 3), Sec. 2, eff. January 1, 2008.Acts 2007, 80th Leg., R.S., Ch. 1282 (H.B. 3928), Sec. 6, eff. January 1, 2008.Acts 2007, 80th Leg., R.S., Ch. 1282 (H.B. 3928), Sec. 37(1), eff. January 1, 2008.|
TX Tax Code § 171.002 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter A. Definitions; Tax Imposed|Section 171.002. Rates; Computation of Tax

Sec. 171.002.  RATES; COMPUTATION OF TAX.  (a)  Subject to Sections 171.003 and 171.1016 and except as provided by Subsection (b), the rate of the franchise tax is 0.75 percent of taxable margin.(b)  Subject to Sections 171.003 and 171.1016, the rate of the franchise tax is 0.375 percent of taxable margin for those taxable entities primarily engaged in retail or wholesale trade.(c)  A taxable entity is primarily engaged in retail or wholesale trade only if:(1)  the total revenue from its activities in retail or wholesale trade is greater than the total revenue from its activities in trades other than the retail and wholesale trades;(2)  except as provided by Subsection (c-1), less than 50 percent of the total revenue from activities in retail or wholesale trade comes from the sale of products it produces or products produced by an entity that is part of an affiliated group to which the taxable entity also belongs; and(3)  the taxable entity does not provide retail or wholesale utilities, including telecommunications services, electricity, or gas.(c-1)  Subsection (c)(2) does not apply to total revenue from activities in a retail trade described by Major Group 58 of the Standard Industrial Classification Manual published by the federal Office of Management and Budget.(c-2)  For purposes of Subsection (c)(3), the provision of telecommunications services does not include selling telephone prepaid calling cards.(d)  A taxable entity is not required to pay any tax and is not considered to owe any tax for a period if:(1)  the amount of tax computed for the taxable entity is less than $1,000; or(2)  the amount of the taxable entity's total revenue from its entire business is less than or equal to $1 million or the amount determined under Section 171.006 per 12-month period on which margin is based.|Acts 1981, 67th Leg., p. 1691, ch. 389, Sec. 1, eff. Jan. 1, 1982.  Amended by Acts 1984, 68th Leg., 2nd C.S., ch. 31, art. 3, part D, Sec. 1, eff. May 1, 1985;  Acts 1987, 70th Leg., 2nd C.S., ch. 5, art. 2, pt. 1, Sec. 1, eff. Jan. 1, 1988;  Acts 1987, 70th Leg., 2nd C.S., ch. 5, art. 2, pt. 2, Sec. 1, eff. Jan. 1, 1990;  Acts 1991, 72nd Leg., 1st C.S., ch. 5, Sec. 8.031(a), eff. Jan. 1, 1992;  Acts 1997, 75th Leg., ch. 1185, Sec. 2, eff. Jan. 1, 1998;  Acts 1999, 76th Leg., ch. 394, Sec. 10, eff. Jan. 1, 2000.Amended by: Acts 2006, 79th Leg., 3rd C.S., Ch. 1 (H.B. 3), Sec. 2, eff. January 1, 2008.Acts 2007, 80th Leg., R.S., Ch. 1282 (H.B. 3928), Sec. 7, eff. January 1, 2008.Acts 2009, 81st Leg., R.S., Ch. 286 (H.B. 4765), Sec. 1(a), eff. January 1, 2010.Acts 2009, 81st Leg., R.S., Ch. 286 (H.B. 4765), Sec. 2(a), eff. January 1, 2012.Acts 2013, 83rd Leg., R.S., Ch. 1232 (H.B. 500), Sec. 17, eff. January 1, 2014.Acts 2015, 84th Leg., R.S., Ch. 449 (H.B. 32), Sec. 2, eff. January 1, 2016.Acts 2017, 85th Leg., R.S., Ch. 275 (H.B. 2126), Sec. 1, eff. January 1, 2018.|
TX Tax Code § 171.003 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter A. Definitions; Tax Imposed|Section 171.003. Increase in Rate Requires Voter Approval

Sec. 171.003.  INCREASE IN RATE REQUIRES VOTER APPROVAL.  (a)  An increase in a rate provided by Section 171.002(a) or (b) takes effect only if approved by a majority of the registered voters voting in a statewide referendum held on the question of increasing the rate.  The referendum must specify the increased rate or rates.(b)  This section does not apply to a decrease in a rate provided by Section 171.002(a) or (b).  If a rate is decreased, this section applies to any subsequent increase in that rate.(c)  This section does not apply to any change in the tax imposed by this chapter in relation to:(1)  the manner in which the tax is computed, including the determination of margin and taxable margin and any allowable deductions or credits;(2)  the manner in which the tax is administered or enforced; or(3)  the applicability of the tax to certain entities.|Amended by: Acts 2006, 79th Leg., 3rd C.S., Ch. 1 (H.B. 3), Sec. 2, eff. January 1, 2008.|
TX Tax Code § 171.006 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter A. Definitions; Tax Imposed|Section 171.006. Adjustment of Eligibility for No Tax Due, Discounts, and Compensation Deduction

Sec. 171.006.  ADJUSTMENT OF ELIGIBILITY FOR NO TAX DUE, DISCOUNTS, AND COMPENSATION DEDUCTION.  (a)  In this section, "consumer price index" means the average over a state fiscal biennium of the Consumer Price Index for All Urban Consumers (CPI-U), U.S. City Average, published monthly by the United States Bureau of Labor Statistics, or its successor in function.(b)  Beginning in 2010, on January 1 of each even-numbered year, the amounts prescribed by Sections 171.002(d)(2) and 171.1013(c) are increased or decreased by an amount equal to the amount prescribed by those sections on December 31 of the preceding year multiplied by the percentage increase or decrease during the preceding state fiscal biennium in the consumer price index and rounded to the nearest $10,000.(c)  The amounts determined under Subsection (b) apply to a report originally due on or after the date the determination is made.(d)  The comptroller shall make the determination required by this section and may adopt rules related to making that determination.(e)  A determination by the comptroller under this section is final and may not be appealed.|Amended by: Acts 2006, 79th Leg., 3rd C.S., Ch. 1 (H.B. 3), Sec. 2, eff. January 1, 2008.Acts 2007, 80th Leg., R.S., Ch. 1282 (H.B. 3928), Sec. 9, eff. January 1, 2008.Acts 2007, 80th Leg., R.S., Ch. 1282 (H.B. 3928), Sec. 10, eff. January 1, 2008.Acts 2013, 83rd Leg., R.S., Ch. 1232 (H.B. 500), Sec. 3, eff. January 1, 2014.|
TX Tax Code § 171.051 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter B. Exemptions|Section 171.051. Application for Exemption; Effective Date

Sec. 171.051.  APPLICATION FOR EXEMPTION;  EFFECTIVE DATE.  (a)  Except as provided by Subsection (c) of this section, a corporation may apply for an exemption under this subchapter by filing with the comptroller, as provided by the rules of the comptroller, evidence of the corporation's qualifications for the exemption.(b)  If a corporation files the evidence establishing the corporation's qualifications for an exemption within 15 months after the last day of the calendar month in which the corporation's charter or certificate of authority is dated, the exemption is recognized, if it is finally established, as of the date of the charter or certificate.(c)  The exemption provided by Section 171.063 of this code must be established as provided by that section, but a corporation may apply for and receive other exemptions as provided by this section.(d)  Neither this section nor Section 171.063 of this code requires a corporation that was granted a franchise tax exemption before September 1, 1975, that was entitled to the exemption on September 1, 1975, and that has held the exemption since that date, to file an additional application, report, letter of exemption, or other evidence of qualification for that exemption.|Acts 1981, 67th Leg., p. 1693, ch. 389, Sec. 1, eff. Jan. 1, 1982.|
TX Tax Code § 171.052 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter B. Exemptions|Section 171.052. Certain Corporations

Sec. 171.052.  CERTAIN CORPORATIONS.  (a)  Except as provided by Subsection (c), an insurance organization, title insurance company, or title insurance agent authorized to engage in insurance business in this state that is required to pay an annual tax measured by its gross premium receipts is exempted from the franchise tax.  A nonadmitted insurance organization that is required to pay a gross premium receipts tax during a tax year is exempted from the franchise tax for that same tax year.  A nonadmitted insurance organization that is subject to an occupation tax or any other tax that is imposed for the privilege of doing business in another state or a foreign jurisdiction, including a tax on gross premium receipts, is exempted from the franchise tax.(b)  Farm mutuals, local mutual aid associations, and burial associations are not subject to the franchise tax.(c)  An entity is subject to the franchise tax for a tax year in any portion of which the entity is in violation of an order issued by the Texas Department of Insurance under Section 2254.003(b), Insurance Code, that is final after appeal or that is no longer subject to appeal.|Acts 1981, 67th Leg., p. 1693, ch. 389, Sec. 1, eff. Jan. 1, 1982.  Amended by Acts 1985, 69th Leg., ch. 30, Sec. 1, eff. Aug. 26, 1985;  Acts 1993, 73rd Leg., ch. 546, Sec. 2, eff. Jan. 1, 1994;  Acts 2001, 77th Leg., ch. 1275, Sec. 1, eff. Sept. 1, 2001;  Acts 2003, 78th Leg., ch. 209, Sec. 33, eff. Oct. 1, 2003.Amended by: Acts 2006, 79th Leg., 3rd C.S., Ch. 1 (H.B. 3), Sec. 3, eff. January 1, 2008.Acts 2013, 83rd Leg., R.S., Ch. 569 (S.B. 734), Sec. 5, eff. June 14, 2013.Acts 2013, 83rd Leg., R.S., Ch. 1232 (H.B. 500), Sec. 4, eff. January 1, 2014.Acts 2015, 84th Leg., R.S., Ch. 1236 (S.B. 1296), Sec. 16.003, eff. September 1, 2015.|
TX Tax Code § 171.0525 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter B. Exemptions|Section 171.0525. Exemption--Certain Insurance Companies

Sec. 171.0525.  EXEMPTION--CERTAIN INSURANCE COMPANIES.  A corporation that is a farm mutual insurance company, local mutual aid association, or burial association is exempted from the franchise tax.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 23, eff. April 1, 2005.|
TX Tax Code § 171.053 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter B. Exemptions|Section 171.053. Exemption--Railway Terminal Corporation

Sec. 171.053.  EXEMPTION--RAILWAY TERMINAL CORPORATION.  A corporation organized as a railway terminal corporation and having no annual net income from its business is exempted from the franchise tax.|Acts 1981, 67th Leg., p. 1693, ch. 389, Sec. 1, eff. Jan. 1, 1982.|
TX Tax Code § 171.055 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter B. Exemptions|Section 171.055. Exemption--Open-End Investment Company

Sec. 171.055.  EXEMPTION--OPEN-END INVESTMENT COMPANY.  An open-end investment company, as defined by the Investment Company Act of 1940 (15 U.S.C. Section 80a-1 et seq.), that is subject to that Act and that is registered under The Securities Act (Title 12, Government Code) is exempted from the franchise tax.|Acts 1981, 67th Leg., p. 1693, ch. 389, Sec. 1, eff. Jan. 1, 1982.Amended by: Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.41, eff. January 1, 2022.|
TX Tax Code § 171.056 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter B. Exemptions|Section 171.056. Exemption--Corporation With Business Interest in Solar Energy Devices

Sec. 171.056.  EXEMPTION--CORPORATION WITH BUSINESS INTEREST IN SOLAR ENERGY DEVICES.  A corporation engaged solely in the business of manufacturing, selling, or installing solar energy devices, as defined by Section 171.107 of this code, is exempted from the franchise tax.|Acts 1981, 67th Leg., p. 1693, ch. 389, Sec. 1, eff. Jan. 1, 1982.|
TX Tax Code § 171.057 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter B. Exemptions|Section 171.057. Exemption--Nonprofit Corporation Organized to Promote County, City, or Another Area

Sec. 171.057.  EXEMPTION--NONPROFIT CORPORATION ORGANIZED TO PROMOTE COUNTY, CITY, OR ANOTHER AREA.  A nonprofit corporation organized solely to promote the public interest of a county, city, town, or another area in the state is exempted from the franchise tax.|Acts 1981, 67th Leg., p. 1694, ch. 389, Sec. 1, eff. Jan. 1, 1982.|
TX Tax Code § 171.058 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter B. Exemptions|Section 171.058. Exemption--Nonprofit Corporation Organized for Religious Purposes

Sec. 171.058.  EXEMPTION--NONPROFIT CORPORATION ORGANIZED FOR RELIGIOUS PURPOSES.  A nonprofit corporation organized for the purpose of religious worship is exempted from the franchise tax.|Acts 1981, 67th Leg., p. 1694, ch. 389, Sec. 1, eff. Jan. 1, 1982.|
TX Tax Code § 171.059 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter B. Exemptions|Section 171.059. Exemption--Nonprofit Corporation Organized to Provide Burial Places

Sec. 171.059.  EXEMPTION--NONPROFIT CORPORATION ORGANIZED TO PROVIDE BURIAL PLACES.  A nonprofit corporation organized to provide places of burial is exempted from the franchise tax.|Acts 1981, 67th Leg., p. 1694, ch. 389, Sec. 1, eff. Jan. 1, 1982.|
TX Tax Code § 171.060 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter B. Exemptions|Section 171.060. Exemption--Nonprofit Corporation Organized for Agricultural Purposes

Sec. 171.060.  EXEMPTION--NONPROFIT CORPORATION ORGANIZED FOR AGRICULTURAL PURPOSES.  A nonprofit corporation organized to hold agricultural fairs and encourage agricultural pursuits is exempted from the franchise tax.|Acts 1981, 67th Leg., p. 1694, ch. 389, Sec. 1, eff. Jan. 1, 1982.|
TX Tax Code § 171.061 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter B. Exemptions|Section 171.061. Exemption--Nonprofit Corporation Organized for Educational Purposes

Sec. 171.061.  EXEMPTION--NONPROFIT CORPORATION ORGANIZED FOR EDUCATIONAL PURPOSES.  A nonprofit corporation organized solely for educational purposes is exempted from the franchise tax.|Acts 1981, 67th Leg., p. 1694, ch. 389, Sec. 1, eff. Jan. 1, 1982.  Amended by Acts 1995, 74th Leg., ch. 1002, Sec. 3, eff. Jan. 1, 1996.|
TX Tax Code § 171.062 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter B. Exemptions|Section 171.062. Exemption--Nonprofit Corporation Organized for Public Charity

Sec. 171.062.  EXEMPTION--NONPROFIT CORPORATION ORGANIZED FOR PUBLIC CHARITY.  A nonprofit corporation organized for purely public charity is exempted from the franchise tax.|Acts 1981, 67th Leg., p. 1694, ch. 389, Sec. 1, eff. Jan. 1, 1982.|
TX Tax Code § 171.064 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter B. Exemptions|Section 171.064. Exemption--Nonprofit Corporation Organized for Conservation Purposes

Sec. 171.064.  EXEMPTION--NONPROFIT CORPORATION ORGANIZED FOR CONSERVATION PURPOSES.  A nonprofit corporation organized solely to educate the public about the protection and conservation of fish, game, other wildlife, grasslands, or forests is exempted from the franchise tax.|Acts 1981, 67th Leg., p. 1695, ch. 389, Sec. 1, eff. Jan. 1, 1982.  Amended by Acts 1995, 74th Leg., ch. 1002, Sec. 5, eff. Jan. 1, 1996.|
TX Tax Code § 171.065 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter B. Exemptions|Section 171.065. Exemption--Nonprofit Corporation Organized to Provide Water Supply or Sewer Services

Sec. 171.065.  EXEMPTION--NONPROFIT CORPORATION ORGANIZED TO PROVIDE WATER SUPPLY OR SEWER SERVICES.  A nonprofit water supply or sewer service corporation organized in behalf of a city or town under Chapter 67, Water Code, is exempted from the franchise tax.|Acts 1981, 67th Leg., p. 1695, ch. 389, Sec. 1, eff. Jan. 1, 1982.  Amended by Acts 1999, 76th Leg., ch. 62, Sec. 18.47, eff. Sept. 1, 1999.|
TX Tax Code § 171.066 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter B. Exemptions|Section 171.066. Exemption--Nonprofit Corporation Involved With City Natural Gas Facility

Sec. 171.066.  EXEMPTION--NONPROFIT CORPORATION INVOLVED WITH CITY NATURAL GAS FACILITY.  A nonprofit corporation organized to construct, acquire, own, lease, or operate a natural gas facility in behalf and for the benefit of a city or residents of a city is exempted from the franchise tax.|Acts 1981, 67th Leg., p. 1695, ch. 389, Sec. 1, eff. Jan. 1, 1982.|
TX Tax Code § 171.067 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter B. Exemptions|Section 171.067. Exemption--Nonprofit Corporation Organized to Provide Convalescent Homes for Elderly

Sec. 171.067.  EXEMPTION--NONPROFIT CORPORATION ORGANIZED TO PROVIDE CONVALESCENT HOMES FOR ELDERLY.  A nonprofit corporation organized to provide a convalescent home or other housing for persons who are at least 62 years old or who are handicapped or disabled is exempted from the franchise tax, whether or not the corporation is organized for purely public charity.|Acts 1981, 67th Leg., p. 1695, ch. 389, Sec. 1, eff. Jan. 1, 1982.|
TX Tax Code § 171.068 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter B. Exemptions|Section 171.068. Exemption--Nonprofit Corporation Organized to Provide Cooperative Housing

Sec. 171.068.  EXEMPTION--NONPROFIT CORPORATION ORGANIZED TO PROVIDE COOPERATIVE HOUSING.  A nonprofit corporation engaged solely in the business of owning residential property for the purpose of providing cooperative housing for persons is exempted from the franchise tax.|Acts 1981, 67th Leg., p. 1695, ch. 389, Sec. 1, eff. Jan. 1, 1982.|
TX Tax Code § 171.069 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter B. Exemptions|Section 171.069. Exemption--Marketing Associations

Sec. 171.069.  EXEMPTION--MARKETING ASSOCIATIONS.  A marketing association incorporated under Chapter 52, Agriculture Code, is exempted from the franchise tax.|Acts 1981, 67th Leg., p. 1695, ch. 389, Sec. 1, eff. Jan. 1, 1982.  Amended by Acts 1995, 74th Leg., ch. 1002, Sec. 6, eff. Jan. 1, 1996.|
TX Tax Code § 171.070 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter B. Exemptions|Section 171.070. Exemption--Lodges

Sec. 171.070.  EXEMPTION--LODGES.  A lodge incorporated under Article 1399 et seq., Revised Civil Statutes of Texas, 1925, is exempted from the franchise tax.|Acts 1981, 67th Leg., p. 1696, ch. 389, Sec. 1, eff. Jan. 1, 1982.|
TX Tax Code § 171.071 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter B. Exemptions|Section 171.071. Exemption--Farmers' Cooperative Society

Sec. 171.071.  EXEMPTION--FARMERS' COOPERATIVE SOCIETY.  A  cooperative that is either a farmers' cooperative society incorporated under Chapter 51, Agriculture Code, or a cooperative whose single member is a farmers' cooperative described in Section 521(b)(1), Internal Revenue Code, that has at least 500 farmer-fruit grower members, is exempted from the franchise tax.|Acts 1981, 67th Leg., p. 1696, ch. 389, Sec. 1, eff. Jan. 1, 1982.  Amended by Acts 1995, 74th Leg., ch. 1002, Sec. 7, eff. Jan. 1, 1996.Amended by: Acts 2017, 85th Leg., R.S., Ch. 1104 (H.B. 3992), Sec. 1, eff. June 15, 2017.|