Tex. Agric. Code § 51.025 · Chapter 51. FARMERS' COOPERATIVE SOCIETIES
EXEMPTION FROM FRANCHISE TAX.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
A society is not required to pay any annual franchise tax, except that a society is exempt from the franchise tax imposed by Chapter 171, Tax Code, only if exempted by that chapter.
Notes and commentary — not statutory text
History
Acts 1981, 67th Leg., p. 1101, ch. 388, Sec. 1, eff. Sept. 1, 1981. Amended by Acts 1981, 67th Leg., p. 2785, ch. 752, Sec. 15(a), eff. Jan. 1, 1982.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/AG/htm/AG.51.htm
- Text hash
- sha256 0efa27ab9ed791e861dba5393e18151c734caaef7c7f589cce56f056d44fb5a0
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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