{"data":{"id":"us-tx/tex.-tax-code-171.067","jurisdiction":"us-tx","citation":"Tex. Tax Code § 171.067","heading":"EXEMPTION--NONPROFIT CORPORATION ORGANIZED TO PROVIDE CONVALESCENT HOMES FOR ELDERLY.","body":"A nonprofit corporation organized to provide a convalescent home or other housing for persons who are at least 62 years old or who are handicapped or disabled is exempted from the franchise tax, whether or not the corporation is organized for purely public charity.\nActs 1981, 67th Leg., p. 1695, ch. 389, Sec. 1, eff. Jan. 1, 1982.","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#171.067","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"5daa5d10305cb7cb173e93dd9d324a7d08bddb92ae657024ca2ae4ebf7ee958f","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-tax-code-171.066","next":"us-tx/tex.-tax-code-171.068"},"notice":"GroundRules: Original legal text. Not legal advice."}