Tex. Agriculture Code § 55.010
This is the official text of Tex. Agriculture Code § 55.010, part of Texas’s Agriculture Code — regulates farming, livestock, and agricultural commerce.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 55.010. EXEMPTION FROM FRANCHISE TAX.
Official statutory text
An association formed under this chapter is exempt from all franchise or other license taxes, except that:
(1) an association is not exempt from the annual license fee under Section 55.009 of this code; and
(2) an association is exempt from the franchise tax imposed by Chapter 171, Tax Code, only if exempted by that chapter.
(1) an association is not exempt from the annual license fee under Section 55.009 of this code; and
(2) an association is exempt from the franchise tax imposed by Chapter 171, Tax Code, only if exempted by that chapter.
Status: in_force · Read it on the official government site
Need a lawyer in Texas?
Find a Texas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.