Sec. 171.052. CERTAIN CORPORATIONS. (a) Except as provided by Subsection (c), an insurance organization, title insurance company, or title insurance agent authorized to engage in insurance business in this state that is required to pay an annual tax measured by its gross premium receipts is exempted from the franchise tax. A nonadmitted insurance organization that is required to pay a gross premium receipts tax during a tax year is exempted from the franchise tax for that same tax year. A nonadmitted insurance organization that is subject to an occupation tax or any other tax that is imposed for the privilege of doing business in another state or a foreign jurisdiction, including a tax on gross premium receipts, is exempted from the franchise tax.
(b) Farm mutuals, local mutual aid associations, and burial associations are not subject to the franchise tax.
(c) An entity is subject to the franchise tax for a tax year in any portion of which the entity is in violation of an order issued by the Texas Department of Insurance under Section 2254.003(b), Insurance Code, that is final after appeal or that is no longer subject to appeal.
Acts 1981, 67th Leg., p. 1693, ch. 389, Sec. 1, eff. Jan. 1, 1982. Amended by Acts 1985, 69th Leg., ch. 30, Sec. 1, eff. Aug. 26, 1985; Acts 1993, 73rd Leg., ch. 546, Sec. 2, eff. Jan. 1, 1994; Acts 2001, 77th Leg., ch. 1275, Sec. 1, eff. Sept. 1, 2001; Acts 2003, 78th Leg., ch. 209, Sec. 33, eff. Oct. 1, 2003.
Amended by:
Acts 2006, 79th Leg., 3rd C.S., Ch. 1 (H.B. 3), Sec. 3, eff. January 1, 2008.
Acts 2013, 83rd Leg., R.S., Ch. 569 (S.B. 734), Sec. 5, eff. June 14, 2013.
Acts 2013, 83rd Leg., R.S., Ch. 1232 (H.B. 500), Sec. 4, eff. January 1, 2014.
Acts 2015, 84th Leg., R.S., Ch. 1236 (S.B. 1296), Sec. 16.003, eff. September 1, 2015.
Structure Texas Statutes
Section 171.051. Application for Exemption; Effective Date
Section 171.052. Certain Corporations
Section 171.0525. Exemption--Certain Insurance Companies
Section 171.053. Exemption--Railway Terminal Corporation
Section 171.055. Exemption--Open-End Investment Company
Section 171.056. Exemption--Corporation With Business Interest in Solar Energy Devices
Section 171.057. Exemption--Nonprofit Corporation Organized to Promote County, City, or Another Area
Section 171.058. Exemption--Nonprofit Corporation Organized for Religious Purposes
Section 171.059. Exemption--Nonprofit Corporation Organized to Provide Burial Places
Section 171.060. Exemption--Nonprofit Corporation Organized for Agricultural Purposes
Section 171.061. Exemption--Nonprofit Corporation Organized for Educational Purposes
Section 171.062. Exemption--Nonprofit Corporation Organized for Public Charity
Section 171.063. Exemption-Nonprofit Corporation Exempt From Federal Income Tax
Section 171.064. Exemption--Nonprofit Corporation Organized for Conservation Purposes
Section 171.066. Exemption--Nonprofit Corporation Involved With City Natural Gas Facility
Section 171.068. Exemption--Nonprofit Corporation Organized to Provide Cooperative Housing
Section 171.069. Exemption--Marketing Associations
Section 171.070. Exemption--Lodges
Section 171.071. Exemption--Farmers' Cooperative Society
Section 171.072. Exemption--Housing Finance Corporation
Section 171.073. Exemption--Hospital Laundry Cooperative Association
Section 171.074. Exemption--Development Corporation
Section 171.075. Exemption--Cooperative Association
Section 171.076. Exemption--Cooperative Credit Association
Section 171.077. Exemption--Credit Union
Section 171.079. Exemption--Electric Cooperative Corporation
Section 171.080. Exemption--Telephone Cooperative Corporations
Section 171.081. Exemption--Corporation Exempt by Another Law
Section 171.082. Exemption--Certain Homeowners' Associations
Section 171.083. Exemption--Emergency Medical Service Corporation
Section 171.084. Exemption--Certain Trade Show Participants
Section 171.085. Exemption; Recycling Operation
Section 171.086. Exemption: Political Subdivision Corporation
Section 171.088. Exemption--Noncorporate Entity Eligible for Certain Exemptions