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provided by Subsection (b) of this section, intangible personal property is not taxable. (b)AAIntangible property governed by Article 4.01, Insurance Code, or by Section 89.003, Finance Code, is taxable as provided by law, unless exempt by law, if this state has jurisdiction to tax those intangibles.
The statutes available on this website are current through the 88th 4th Called Legislative Session, 2023. The constitutional provisions found on this website are current through the amendments approved by voters in November 2023.
Vernon’s Annotated Revised Civil Statutes of the State of Texas also includes four independent codes—the Business Corporations Act, Code of Criminal Procedure, Insurance Code and Probate Code that have been codified, but not moved to the Annotated Code.
Tax Code Section 11.251. Tangible Personal Property Exempt. (a) In this section, “freeport goods” means property that under Article VIII, Section 1-j, of the Texas Constitution is not taxable. (b)
14 paź 2024 · Bills that become law are arranged by subject matter into various codes such as the Election Code, Family Code, and Penal Code. These statutes are published online by the Texas Legislative Council. They are also available in print from private publishers.
Browse Texas Codes | Chapter 11 - TAXABLE PROPERTY AND EXEMPTIONS for free on Casetext.
PUBLIC PROPERTY. (a) Except as provided by Subsections (b) and (c) of this section, property owned by this state or a political subdivision of this state is exempt from taxation if the property is used for public purposes. (b) Land owned by the Permanent University Fund is taxable for county purposes.
