Exemption--Nonprofit Corporation Organized For Agricultural Purposes

Tex. Tax Code § 171.060, under Chapter 171.

Tex. Tax Code § 171.060

Sec. 171.060. EXEMPTION--NONPROFIT CORPORATION ORGANIZED FOR AGRICULTURAL PURPOSES. A nonprofit corporation organized to hold agricultural fairs and encourage agricultural pursuits is exempted from the franchise tax. Acts 1981, 67th Leg., p. 1694, ch. 389, Sec. 1, eff. Jan. 1, 1982.