§ 171.0001 General Definitions
§ 171.0002 Definition of Taxable Entity
§ 171.0003 Definition of Passive Entity
§ 171.0004 Definition of Conducting Active Trade or Business
§ 171.0005 Definition of New Veteran-Owned Business
§ 171.001 Tax Imposed
§ 171.0011 Additional Tax
§ 171.002 Rates; Computation of Tax
§ 171.003 Increase in Rate Requires Voter Approval
§ 171.006 Adjustment of Eligibility for No Tax Due, Discounts, and Compensation Deduction
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Terms Used In Texas Tax Code Chapter 171 > Subchapter A - Definitions; Tax Imposed

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Comptroller: means the Comptroller of Public Accounts of the State of Texas. See Texas Tax Code 1.04
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Grantor: The person who establishes a trust and places property into it.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Statute: A law passed by a legislature.
  • Tax year: means the calendar year. See Texas Tax Code 1.04
  • United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
  • Venue: The geographical location in which a case is tried.
  • Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
  • Year: means 12 consecutive months. See Texas Government Code 311.005