Tex. Agric. Code Section 51.025
Exemption from Franchise Tax

A society is not required to pay any annual franchise tax, except that a society is exempt from the franchise tax imposed by Chapter 171 (Franchise Tax), Tax Code, only if exempted by that chapter.
Acts 1981, 67th Leg., p. 1101, ch. 388, Sec. 1, eff. Sept. 1, 1981. Amended by Acts 1981, 67th Leg., p. 2785, ch. 752, Sec. 15(a), eff. Jan. 1, 1982.

Source: Section 51.025 — Exemption from Franchise Tax, https://statutes.­capitol.­texas.­gov/Docs/AG/htm/AG.­51.­htm#51.­025 (accessed May 26, 2025).

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§ 51.025. Exemption from Franchise Tax's source at texas​.gov