Exempt Corporations and Associations

Sec. 2153.005. EXEMPT CORPORATIONS AND ASSOCIATIONS. (a) A corporation or association owning, leasing, or renting a music or skill or pleasure coin-operated machine is exempt from Subchapter D if: (1) the corporation or association is organized and operated exclusively for religious, charitable, educational, or benevolent purposes; (2) the corporation's or association's net earnings do not inure to the benefit of a private shareholder or individual; and (3) the corporation or association owns, leases, or rents the coin-operated machine: (A) for the corporation's or association's exclusive use; and (B) to further a purpose of the corporation or association. (b) A tax may not be assessed against a corporation or an association exempt under this section if assessment of the tax is prohibited by other law. Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999.