{"data":{"id":"us-tx/tex.-tax-code-171.055","jurisdiction":"us-tx","citation":"Tex. Tax Code § 171.055","heading":"EXEMPTION--OPEN-END INVESTMENT COMPANY.","body":"An open-end investment company, as defined by the Investment Company Act of 1940 (15 U.S.C. Section 80a-1 et seq.), that is subject to that Act and that is registered under The Securities Act (Title 12, Government Code) is exempted from the franchise tax.\nActs 1981, 67th Leg., p. 1693, ch. 389, Sec. 1, eff. Jan. 1, 1982.\nAmended by:\nActs 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.41, eff. January 1, 2022.","path":["TAX CODE","TITLE 2. STATE TAXATION","SUBTITLE F. FRANCHISE TAX; CREDITS","CHAPTER 171. FRANCHISE TAX","SUBCHAPTER B. EXEMPTIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/TX/htm/TX.171.htm#171.055","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"873f15325f06774f5450ec8ae1b1027fe5fc99e834ed07a73625a213513c950d","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-tax-code-171.053","next":"us-tx/tex.-tax-code-171.056"},"notice":"GroundRules: Original legal text. Not legal advice."}