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Tex. Business Organizations Code § 251.451

EXEMPTION FROM TAXES

Texas · Texas Business Organizations Code · Status: effective

Taxation
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Tex. Business Organizations Code § 251.451, EXEMPTION FROM TAXES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/584367
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A cooperative association organized under this chapter is exempt from the franchise tax and license fees imposed by the state or a political subdivision of the state, except that a cooperative association is exempt from the franchise tax imposed by Chapter 171, Tax Code, only if the cooperative association is exempt under that chapter.