Texas Tax Code

§ 171.053 — EXEMPTION--RAILWAY TERMINAL CORPORATION

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

TX § 171.053Title 2. STATE TAXATION · Part F. FRANCHISE TAX; CREDITS · Ch. 171. FRANCHISE TAX · Art. B. EXEMPTIONS

A corporation organized as a railway terminal corporation and having no annual net income from its business is exempted from the franchise tax.

Legislative history

Acts 1981, 67th Leg., p. 1693, ch. 389, Sec. 1, eff. Jan. 1, 1982.