Texas Codes

Tex. Tax Code § 171.055 (2026)

Exemption--open-end Investment Company

✓ current as of May 2026

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Sec. 171.055. EXEMPTION--OPEN-END INVESTMENT COMPANY. An open-end investment company, as defined by the Investment Company Act of 1940 (15 U.S.C. Section 80a-1 et seq.), that is subject to that Act and that is registered under The Securities Act (Title 12, Government Code) is exempted from the franchise tax.

Acts 1981, 67th Leg., p. 1693, ch. 389, Sec. 1, eff. Jan. 1, 1982.

Amended by:

Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.41, eff. January 1, 2022.

Notes of Decisions

Cited in 2 cases, 2001–2001 · leading case: Rylander v. Fisher Controls Int'l, Inc., 45 S.W.3d 291 (Tex. App. 2001).

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Rylander v. Fisher Controls Int'l, Inc., 45 S.W.3d 291 (Tex. App. 2001). “, Tex. Tax Code Ann. §§ 171.055 (open-end investment companies), 171.”

Carole Keeton Rylander, Successor-In-Interest to John Sharp, Comptroller of Pub. Accounts of the State of Texas & John Cornyn, Successor-In-Interest to Dan Morales, Attorney Gen. of the State of Texas v. Fisher Controls Int'l, Inc. (Tex. App. 2001). · cites it 3× “, Tex. Tax Code Ann. §§ 171.055 (open-end investment companies), 171.”

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