Sec. 171.086. EXEMPTION: POLITICAL SUBDIVISION CORPORATION. A political subdivision corporation formed under Section 304.001, Local Government Code, is exempted from the franchise tax. Added by Acts 2013, 83rd Leg., R.S., Ch. 1232 (H.B. 500), Sec. 5, eff. January 1, 2014.
Exemption: Political Subdivision Corporation
Tex. Tax Code § 171.086, under Chapter 171.
Tex. Tax Code § 171.086