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§ 171.067 — Texas Law | CourtGPT
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  2. Laws/
  3. Texas/
  4. Tax Code - Title 1 - Property Tax Code/
  5. Title 2 - State Taxation/
  6. Subtitle F - Franchise Tax; Credits/
  7. Chapter 171 - Franchise Taxsub/
  8. Subchapter B - Exemptions/
  9. § 171.067
Texas Legal Code

§ 171.067

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A nonprofit corporation organized to provide a convalescent home or other housing for persons who are at least 62 years old or who are handicapped or disabled is exempted from the franchise tax, whether or not the corporation is organized for purely public charity. Acts 1981, 67th Leg., p. 1695, ch. 389, Sec. 1, eff. Jan. 1, 1982.