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Texas Tax Code - Section 156.102. Exception--Religious, Charitable, Or Educational Organization

Legal Research Home > Texas Laws > Tax Code > Texas Tax Code - Section 156.102. Exception--Religious, Charitable, Or Educational Organization

§ 156.102. EXCEPTION--RELIGIOUS, CHARITABLE, OR EDUCATIONAL ORGANIZATION. (a) This chapter does not impose a tax on a corporation or association that is organized and operated exclusively for a religious, charitable, or educational purpose if no part of the net earnings of the corporation or association inure to the benefit of a private shareholder or individual. (b) For purposes of this section: (1) a corporation or association that is organized and operated exclusively for the cleaning of beaches and that has no part of its net earnings inure to the benefit of a private shareholder or individual is organized and operated exclusively for a charitable purpose; and (2) a public or private institution of higher education is organized and operated exclusively for an educational purpose only if the institution is defined as a Texas institution of higher education or as a Texas private or independent institution of higher education under any subdivision of Section 61.003, Education Code. Acts 1981, 67th Leg., p. 1686, ch. 389, § 1, eff. Jan. 1, 1982. Amended by Acts 1999, 76th Leg., ch. 1359, § 2, eff. Sept. 1, 1999; Acts 1999, 76th Leg., ch. 1467, § 2.48, eff. Oct. 1, 1999; Acts 2001, 77th Leg., ch. 1420, § 18.011, eff. Sept. 1, 2001; Acts 2003, 78th Leg., ch. 209, § 29, eff. Oct. 1, 2003.

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