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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 122.106: EXEMPTION FROM CERTAIN TAXES.

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Where this section sits in the code
  1. FINANCE CODE
  2. TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
  3. SUBTITLE D. CREDIT UNIONS
  4. CHAPTER 122. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS
  5. SUBCHAPTER C. OPERATIONS AND FINANCES

(a) Except as provided by Subsection (b), a credit union is exempt from a franchise or other license tax.

(b) A credit union is not exempt from the franchise tax imposed by Chapter 171, Tax Code, unless the credit union is exempted by that chapter.

(c) The intangible property of a credit union organized under this chapter is not taxable.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Collected 2026-08-27T01:47:13Z. Source file · JSON

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