EXEMPTION: POLITICAL SUBDIVISION CORPORATION.

Tex. TAX Code § 171.086.
in effect
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A political subdivision corporation formed under Section 304.001 , Local Government Code, is exempted from the franchise tax. Added by Acts 2013, 83rd Leg., R.S., Ch. 1232 (H.B. 500 ), Sec. 5, eff. January 1, 2014.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026

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