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A nonprofit corporation organized under the Development Corporation Act of 1979 (Article 5190.6, Vernon's Texas Civil Statutes) is exempt from franchise and sales taxes. The sales tax exemption does not apply to the purchase of an item that is a project or part of a project that the corporation leases, sells or lends. Guidelines to Texas Tax Exemptions - Texas Comptroller texas.gov https://comptroller.texas.gov › taxes › publications texas.gov https://comptroller.texas.gov › taxes › publications
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