GroundRules
Tex. Health and Safety Code § 301.042: TAX EXEMPTION.
Where this section sits in the code
- HEALTH AND SAFETY CODE
- TITLE 4. HEALTH FACILITIES
- SUBTITLE E. COOPERATIVE ASSOCIATIONS
- CHAPTER 301. COOPERATIVE ASSOCIATIONS
- SUBCHAPTER B. MISCELLANEOUS COOPERATIVE ASSOCIATIONS
(a) A cooperative association created under this subchapter is not required to pay a tax or assessment on its property or on any purchase made by the association.
(b) Except as provided by Subsection (c), an association is not required to pay an annual franchise tax.
(c) An association is exempt from the franchise tax imposed by Chapter 171, Tax Code, only if the association is exempted by that chapter.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Collected 2026-08-27T01:47:17Z. Source file · JSON