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Current as of January 01, 2024 | Updated by FindLaw Staff
An association formed under this chapter is exempt from all franchise or other license taxes, except that:
(1) an association is not exempt from the annual license fee under Section 55.009 of this code; and
(2) an association is exempt from the franchise tax imposed by Chapter 171, Tax Code, only if exempted by that chapter.
Cite this article: FindLaw.com - Texas Agriculture Code - AGRIC § 55.010. Exemption from Franchise Tax - last updated January 01, 2024 | https://codes.findlaw.com/tx/agriculture-code/agric-sect-55-010/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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