Texas Tax Code 171.056 – Exemption–Corporation With Business Interest in Solar Energy Devices
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Terms Used In Texas Tax Code 171.056
- 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 engaged solely in the business of manufacturing, selling, or installing solar energy devices, as defined by § 171.107 of this code, is exempted from the franchise tax.