Texas § FI.122.106 - EXEMPTION FROM CERTAIN TAXES

Full text of Texas The Texas Constitution § FI.122.106 — EXEMPTION FROM CERTAIN TAXES, with citation guidance and answers to common questions.

§ FI.122.106. EXEMPTION FROM CERTAIN TAXES

EXEMPTION FROM CERTAIN TAXES. (a) Except as provided by Subsection (b), a credit union is exempt from a franchise or other license tax. (b) A credit union is not exempt from the franchise tax imposed by Chapter 171 , Tax Code, unless the credit union is exempted by that chapter. (c) The intangible property of a credit union organized under this chapter is not taxable. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

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Frequently Asked Questions About Texas § FI.122.106

What does The Texas Constitution § FI.122.106 cover?

Section FI.122.106 ("EXEMPTION FROM CERTAIN TAXES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Texas § FI.122.106?

A common citation format is "The Texas Constitution § FI.122.106" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Texas law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.

How does Texas § FI.122.106 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Texas.