(a) The taxable situs of intangible property owned by an insurance company incorporated under the laws of this state is determined as provided by Article 4.01, Insurance Code.
(b) The taxable situs of intangible property owned by a savings and loan association is determined as provided by § 89.003, Finance Code.

Terms Used In Texas Tax Code 21.08

  • Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
  • Property: means real and personal property. See Texas Government Code 311.005
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