Texas Tax Code 171.065 – Exemption–Nonprofit Corporation Organized to Provide Water Supply or Sewer Services
Current as of: 2024 | Check for updates
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Terms Used In Texas Tax Code 171.065
- 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.
A nonprofit water supply or sewer service corporation organized in behalf of a city or town under Chapter 67, Water Code, is exempted from the franchise tax.