{"data":{"id":"us-tx/tex.-tax-code-171.074","jurisdiction":"us-tx","citation":"Tex. Tax Code § 171.074","heading":"EXEMPTION--DEVELOPMENT CORPORATION.","body":"A nonprofit corporation organized under the Development Corporation Act (Subtitle C1, Title 12, Local Government Code) is exempted from the franchise tax.\nActs 1981, 67th Leg., p. 1696, ch. 389, Sec. 1, eff. Jan. 1, 1982. Amended by Acts 1983, 68th Leg., p. 1039, ch. 235, art. 7, Sec. 2(a), eff. Sept. 1, 1983.\nAmended by:\nActs 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.72, eff. April 1, 2009.","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#171.074","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"0a513568b0a4a80b12c7fe5b52bcd567adcde5696c6200b17fff18503aeeccc6","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-tax-code-171.073","next":"us-tx/tex.-tax-code-171.075"},"notice":"GroundRules: Original legal text. Not legal advice."}