Tex. Tax Code § 171.055

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

Section 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.

Tex. Tax Code § 171.055

Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. TBD,Sec. 2.41, eff. 1/1/2022.

Acts 1981, 67th Leg., p. 1693, ch. 389, Sec. 1, eff. 1/1/1982.