Texas § LG.501.075 - EXEMPTION FROM TAXATION
Full text of Texas The Texas Constitution § LG.501.075 — EXEMPTION FROM TAXATION, with citation guidance and answers to common questions.
§ LG.501.075. EXEMPTION FROM TAXATION
EXEMPTION FROM TAXATION. (a) The activities of a corporation affect all the residents of the corporation's authorizing unit by the corporation's assuming to a material extent what otherwise might be an obligation or duty of the authorizing unit, and therefore the corporation is an institution of purely public charity within the tax exemption of Section 2 , Article VIII, Texas Constitution. (b) A corporation is exempt from the tax imposed by Chapter 171 , Tax Code, only if the corporation is exempted by that chapter. Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278 ), Sec. 3.01, eff. April 1, 2009. SUBCHAPTER C. AUTHORIZED PROJECTS
Frequently Asked Questions About Texas § LG.501.075
What does The Texas Constitution § LG.501.075 cover?
Section LG.501.075 ("EXEMPTION FROM TAXATION") 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 § LG.501.075?
A common citation format is "The Texas Constitution § LG.501.075" (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 § LG.501.075 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.