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Tex. Finance Code § 122.106

EXEMPTION FROM CERTAIN TAXES

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 122.106, EXEMPTION FROM CERTAIN TAXES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645906
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(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.