Sec. 23.106. FRANCHISE TAXES. A corporation formed under this subchapter is not subject to or required to pay a franchise tax, except that a corporation is exempt from the franchise tax imposed by Chapter 171, Tax Code, only if the corporation is exempted by that chapter.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Chapter 23 - Special-Purpose Corporations
Section 23.102. Applicability of Chapter 22
Section 23.104. Subordinate Lodges
Section 23.105. Trustees and Directors
Section 23.106. Franchise Taxes
Section 23.107. General Powers
Section 23.108. Authority Regarding Property
Section 23.109. Authority Regarding Loans
Section 23.110. Winding Up and Termination of Subordinate Body