Texas § TX.171.052 - CERTAIN CORPORATIONS
Full text of Texas The Texas Constitution § TX.171.052 — CERTAIN CORPORATIONS, with citation guidance and answers to common questions.
§ TX.171.052. CERTAIN CORPORATIONS
CERTAIN CORPORATIONS. (a) Except as provided by Subsection (c), an insurance organization, title insurance company, or title insurance agent authorized to engage in insurance business in this state that is required to pay an annual tax measured by its gross premium receipts is exempted from the franchise tax. A nonadmitted insurance organization that is required to pay a gross premium receipts tax during a tax year is exempted from the franchise tax for that same tax year. A nonadmitted insurance organization that is subject to an occupation tax or any other tax that is imposed for the privilege of doing business in another state or a foreign jurisdiction, including a tax on gross premium receipts, is exempted from the franchise tax. (b) Farm mutuals, local mutual aid associations, and burial associations are not subject to the franchise tax. (c) An entity is subject to the franchise tax for a tax year in any portion of which the entity is in violation of an order issued by the Texas Department of Insurance under Section 2254.003 (b), Insurance Code, that is final after appeal or that is no longer subject to appeal. Acts 1981, 67th Leg., p. 1693, ch. 389, Sec. 1, eff. Jan. 1, 1982. Amended by Acts 1985, 69th Leg., ch. 30, Sec. 1, eff. Aug. 26, 1985; Acts 1993, 73rd Leg., ch. 546, Sec. 2, eff. Jan. 1, 1994; Acts 2001, 77th Leg., ch. 1275, Sec. 1, eff. Sept. 1, 2001; Acts 2003, 78th Leg., ch. 209, Sec. 33, eff. Oct. 1, 2003. Amended by: Acts 2006, 79th Leg., 3rd C.S., Ch. 1 (H.B. 3 ), Sec. 3, eff. January 1, 2008. Acts 2013, 83rd Leg., R.S., Ch. 569 (S.B. 734 ), Sec. 5, eff. June 14, 2013. Acts 2013, 83rd Leg., R.S., Ch. 1232 (H.B. 500 ), Sec. 4, eff. January 1, 2014. Acts 2015, 84th Leg., R.S., Ch. 1236 (S.B. 1296 ), Sec. 16.003, eff. September 1, 2015.
Frequently Asked Questions About Texas § TX.171.052
What does The Texas Constitution § TX.171.052 cover?
Section TX.171.052 ("CERTAIN CORPORATIONS") 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.171.052?
A common citation format is "The Texas Constitution § TX.171.052" (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.171.052 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.