{"data":{"id":"us-tx/tex.-finance-code-122.106","jurisdiction":"us-tx","citation":"Tex. Finance Code § 122.106","heading":"EXEMPTION FROM CERTAIN TAXES.","body":"(a) Except as provided by Subsection (b), a credit union is exempt from a franchise or other license tax.\n(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.\n(c) The intangible property of a credit union organized under this chapter is not taxable.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE D. CREDIT UNIONS","CHAPTER 122. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS","SUBCHAPTER C. OPERATIONS AND FINANCES"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.122.htm#122.106","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"33056bf47821e5c80aa9727ee02f0b131144b93f92d431ff25084815756566df","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-122.105","next":"us-tx/tex.-finance-code-122.107"},"notice":"GroundRules: Original legal text. Not legal advice."}