Tex. Agric. Code § 51.025

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

Section 51.025 - Exemption From Franchise Tax

A society is not required to pay any annual franchise tax, except that a society is exempt from the franchise tax imposed by Chapter 171, Tax Code, only if exempted by that chapter.

Amended by Acts 1981, 67th Leg., p. 2785, ch. 752, Sec. 15(a), eff. 1/1/1982.

Acts 1981, 67th Leg., p. 1101, ch. 388, Sec. 1, eff. 9/1/1981.