Texas § TX.151.346 - INTERCORPORATE SERVICES
Full text of Texas The Texas Constitution § TX.151.346 — INTERCORPORATE SERVICES, with citation guidance and answers to common questions.
§ TX.151.346. INTERCORPORATE SERVICES
INTERCORPORATE SERVICES. (a) There are exempt from the taxes imposed by this chapter service transactions among affiliated entities, at least one of which is a corporation, that report their income to the Internal Revenue Service on a single consolidated return for the tax year in which the transaction occurs. (b) For purposes of this section, "affiliated entity" includes an entity that would be classified as a member of an affiliated group under 26 U.S.C. Section 1504 but for the exclusions provided by that section. (c) An exemption authorized by this section does not apply to a service that would have been taxable under this chapter as it existed on September 1, 1987. (d) Services that are exempt under this section may not be purchased for resale by the providing company. (e) Tangible personal property that is transferred as an integral part of a service exempted under this section may not be purchased for resale by the providing company. Added by Acts 1987, 70th Leg., 2nd C.S., ch. 5, art. 1, pt. 4,
Frequently Asked Questions About Texas § TX.151.346
What does The Texas Constitution § TX.151.346 cover?
Section TX.151.346 ("INTERCORPORATE SERVICES") 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 § TX.151.346?
A common citation format is "The Texas Constitution § TX.151.346" (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 § TX.151.346 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.