Tex. Tax Code § 171.087 · Subchapter B. EXEMPTIONS
EXEMPTION--NONPROFIT CORPORATION ORGANIZED FOR STUDENT LOAN FUNDS OR STUDENT SCHOLARSHIP PURPOSES.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
A nonprofit corporation organized solely to provide a student loan fund or student scholarships is exempted from the franchise tax.
Notes and commentary — not statutory text
History
Added by Acts 1995, 74th Leg., ch. 1002, Sec. 10, eff. Jan. 1, 1996.
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 b46a1094b3b9a6d4914d8384d8f355627a2957ecf2d85d5234ec2c7d435f44ff
- 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
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.