Texas Tax Code

§ 171.086 — EXEMPTION: POLITICAL SUBDIVISION CORPORATION

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

TX § 171.086Title 2. STATE TAXATION · Part F. FRANCHISE TAX; CREDITS · Ch. 171. FRANCHISE TAX · Art. B. EXEMPTIONS

A political subdivision corporation formed under Section 304.001, Local Government Code, is exempted from the franchise tax.

Legislative history

Added by Acts 2013, 83rd Leg., R.S., Ch. 1232 (H.B. 500), Sec. 5, eff. January 1, 2014.