Tex. Tax Code § 171.086 · Subchapter B. EXEMPTIONS
EXEMPTION: POLITICAL SUBDIVISION CORPORATION.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
A political subdivision corporation formed under Section 304.001, Local Government Code, is exempted from the franchise tax.
Notes and commentary — not statutory text
History
Added by Acts 2013, 83rd Leg., R.S., Ch. 1232 (H.B. 500), Sec. 5, eff. January 1, 2014.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TX/htm/TX.171.htm
- Text hash
- sha256 f08a37359c9df6b57bb8d5091556ab4d4ab7840c2509f02d451230789ca37a45
- 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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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.