{"data":{"id":"us-tx/tex.-health-and-safety-code-301.042","jurisdiction":"us-tx","citation":"Tex. Health and Safety Code § 301.042","heading":"TAX EXEMPTION.","body":"(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.\n(b) Except as provided by Subsection (c), an association is not required to pay an annual franchise tax.\n(c) An association is exempt from the franchise tax imposed by Chapter 171, Tax Code, only if the association is exempted by that chapter.\nActs 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.","path":["HEALTH AND SAFETY CODE","TITLE 4. HEALTH FACILITIES","SUBTITLE E. COOPERATIVE ASSOCIATIONS","CHAPTER 301. COOPERATIVE ASSOCIATIONS","SUBCHAPTER B. MISCELLANEOUS COOPERATIVE ASSOCIATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/HS/htm/HS.301.htm#301.042","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:17Z","sha256":"15f33a0c22f4767f816b60637d4703289ba51791be0afc1931382caa9df2dc0c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-health-and-safety-code-301.041","next":"us-tx/tex.-health-and-safety-code-301.043"},"notice":"GroundRules: Original legal text. Not legal advice."}