GroundRules
Tex. Business Organizations Code § 251.451: EXEMPTION FROM TAXES.
Where this section sits in the code
- BUSINESS ORGANIZATIONS CODE
- TITLE 6. ASSOCIATIONS
- CHAPTER 251. COOPERATIVE ASSOCIATIONS
- SUBCHAPTER J. MISCELLANEOUS PROVISIONS
A cooperative association organized under this chapter is exempt from the franchise tax and license fees imposed by the state or a political subdivision of the state, except that a cooperative association is exempt from the franchise tax imposed by Chapter 171, Tax Code, only if the cooperative association is exempt under that chapter.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Collected 2026-08-27T01:46:58Z. Source file · JSON