{"data":{"id":"us-tx/tex.-business-organizations-code-251.451","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 251.451","heading":"EXEMPTION FROM TAXES.","body":"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.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 6. ASSOCIATIONS","CHAPTER 251. COOPERATIVE ASSOCIATIONS","SUBCHAPTER J. MISCELLANEOUS PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.251.htm#251.451","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"66749a005ccc0af5354c0d5dbf5ef70fdd1a904c9ca5660c46a5de1d94940a18","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-251.404","next":"us-tx/tex.-business-organizations-code-251.452"},"notice":"GroundRules: Original legal text. Not legal advice."}