Tax Code › Title 2 › Chapter 171 › Subchapter B
Texas Tax Code § 171.079
Franchise Tax · Exemptions
An electric cooperative corporation incorporated under Chapter 161, Utilities Code, that is not a participant in a joint powers agency is exempted from the franchise tax.
Official text of the Texas Tax Code as published by the Texas Legislative Council.
Acts 1981, 67th Leg., p. 1696, ch. 389, Sec. 1, eff. Jan. 1, 1982. Amended by Acts 1995, 74th Leg., ch. 765, Sec. 2.27, eff. Sept. 1, 1995; Acts 1999, 76th Leg., ch. 62, Sec. 18.48, eff. Sept. 1, 1999.
