Texas Statutes
§ 122.106 — EXEMPTION FROM CERTAIN TAXES.
Texas § 122.106
JurisdictionTexas
Code FIFinance Code
This text of Texas § 122.106 (EXEMPTION FROM CERTAIN TAXES.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Finance Code Code Ann. § 122.106 (2026).
Text
Sec. 122.106. 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.
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Legislative History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Nearby Sections
15
§ 122.001
APPLICATION TO INCORPORATE.§ 122.003
CORPORATE NAME; CRIMINAL PENALTY.§ 122.004
INVESTIGATION BY COMMISSIONER.§ 122.005
PROCEDURE FOR CERTAIN APPROVALS.§ 122.007
APPEAL TO COMMISSION.§ 122.010
DEADLINE FOR COMMENCING BUSINESS.§ 122.012
PLACE OF BUSINESS.§ 122.013
FOREIGN CREDIT UNIONS.§ 122.0131
TEMPORARY FOREIGN CREDIT UNION OFFICE.§ 122.014
UNDERSERVED-AREA CREDIT UNION.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 122.106, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/122.106.