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Texas Finance Code - FIN § 122.106. Exemption from Certain Taxes

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Except as provided by Subsection (b), a credit union is exempt from a franchise or other license tax.

(b) A credit union is not exempt from the franchise tax imposed by Chapter 171, Tax Code, unless the credit union is exempted by that chapter.

(c) The intangible property of a credit union organized under this chapter is not taxable.

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Cite this article: FindLaw.com - Texas Finance Code - FIN § 122.106. Exemption from Certain Taxes - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-122-106/

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