Texas Finance Code 273.504 – Fee and Tax Exemption
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Terms Used In Texas Finance Code 273.504
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
The corporation is exempt from fees and taxes imposed by this state or a political subdivision of this state, except a tax imposed on real property.