Texas § 2153.005 EXEMPT CORPORATIONS AND ASSOCIATIONS.

Texas Statutes

§ 2153.005 — EXEMPT CORPORATIONS AND ASSOCIATIONS.

Texas § 2153.005

Code OCOccupations Code

This text of Texas § 2153.005 (EXEMPT CORPORATIONS AND ASSOCIATIONS.) 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. Occupations Code Code Ann. § 2153.005 (2026).

Text

Sec. 2153.005. EXEMPT CORPORATIONS AND ASSOCIATIONS.

(a)A corporation or association owning, leasing, or renting a music or skill or pleasure coin-operated machine is exempt from Subchapter D if:

(1)the corporation or association is organized and operated exclusively for religious, charitable, educational, or benevolent purposes;

(2)the corporation's or association's net earnings do not inure to the benefit of a private shareholder or individual; and

(3)the corporation or association owns, leases, or rents the coin-operated machine:

(A)for the corporation's or association's exclusive use; and

(B)to further a purpose of the corporation or association.

(b)A tax may not be assessed against a corporation or an association exempt under this section if assessment of the tax is prohibited

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Sec. 2153.005. EXEMPT CORPORATIONS AND ASSOCIATIONS. (a) A corporation or association owning, leasing, or renting a music or skill or pleasure coin-operated machine is exempt from Subchapter D if:
(1) the corporation or association is organized and operated exclusively for religious, charitable, educational, or benevolent purposes;
(2) the corporation's or association's net earnings do not inure to the benefit of a private shareholder or individual; and
(3) the corporation or association owns, leases, or rents the coin-operated machine:
(A) for the corporation's or association's exclusive use; and
(B) to further a purpose of the corporation or association.
(b) A tax may not be assessed against a corporation or an association exempt under this section if assessment of the tax is prohibited by other law.