{"data":{"id":"us-tx/tex.-tax-code-171.087","jurisdiction":"us-tx","citation":"Tex. Tax Code § 171.087","heading":"EXEMPTION--NONPROFIT CORPORATION ORGANIZED FOR STUDENT LOAN FUNDS OR STUDENT SCHOLARSHIP PURPOSES.","body":"A nonprofit corporation organized solely to provide a student loan fund or student scholarships is exempted from the franchise tax.\nAdded by Acts 1995, 74th Leg., ch. 1002, Sec. 10, eff. Jan. 1, 1996.","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#171.087","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"7daf92a2876dab562ad9786771e2b1ce3a5ae0eeb6c8ed12593807a7f06cf243","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-tax-code-171.086","next":"us-tx/tex.-tax-code-171.088"},"notice":"GroundRules: Original legal text. Not legal advice."}