Texas Tax Code 171.0525 – Exemption–Certain Insurance Companies
Current as of: 2024 | Check for updates
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Terms Used In Texas Tax Code 171.0525
- 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.
A corporation that is a farm mutual insurance company, local mutual aid association, or burial association is exempted from the franchise tax.