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.
Section: 155.241 155.2415 156.001 156.051 156.052 156.053 156.101 156.102 156.103 156.104 156.151 156.152 156.153 156.154 156.201
Last modified: August 11, 2007
|
