Tex. Tax Code § 171.088 — EXEMPTION--NONCORPORATE ENTITY ELIGIBLE FOR CERTAIN EXEMPTIONS

An entity that is not a corporation but that, because of its activities, would qualify for a specific exemption under this subchapter if it were a corporation, qualifies for the exemption and is exempt from the tax in the same manner and under the same conditions as a corporation. Added by Acts 2006, 79th Leg., 3rd C.S., Ch. 1 (H.B. 3 ), Sec. 4, eff. January 1, 2008. SUBCHAPTER C. DETERMINATION OF TAXABLE MARGIN; ALLOCATION AND APPORTIONMENT