Texas Tax Code 171.081 – Exemption–Corporation Exempt by Another Law
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Terms Used In Texas Tax Code 171.081
- 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.
- Statute: A law passed by a legislature.
Another statute that exempts a corporation from the franchise tax is not affected by this chapter.