Texas Tax Code § 171.067 Exemption--nonprofit Corporation Organized To Provide Convalescent Homes For Elderly

Sec. 171.067. EXEMPTION--NONPROFIT CORPORATION ORGANIZED TO PROVIDE CONVALESCENT HOMES FOR ELDERLY. A nonprofit corporation organized to provide a convalescent home or other housing for persons who are at least 62 years old or who are handicapped or disabled is exempted from the franchise tax, whether or not the corporation is organized for purely public charity.

Acts 1981, 67th Leg., p. 1695, ch. 389, Sec. 1, eff. Jan. 1, 1982.

Section: Previous  171.060  171.061  171.062  171.063  171.064  171.065  171.066  171.067  171.068  171.069  171.070  171.071  171.072  171.073  171.074  Next

Last modified: September 28, 2016