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12 Ιουν 2023 · HOAs in Texas may be subject to applicable federal law such as: The Americans with Disabilities Act of 1990; The Fair Housing Act; Code of Federal Regulations; HOAs may be subject to certain state laws such as: Texas Residential Property Owners Protection Act; Texas Nonprofit Corporation Act; Texas Fair Housing Act; How to Find HOA Regulations ...
A qualifying homeowners association (HOA) must be a nonprofit corporation organized primarily to operate residential property. The individual owners must control at least 51 percent of the association's votes. What kinds of exemptions is my homeowners association eligible for?
21 Αυγ 2024 · Texas Law. Texas Business Organizations Code, Chapter 22. This chapter of Texas law discusses the formation of nonprofit corporations. Because many property owners' associations incorporate as nonprofits, this chapter will provide guidance on how these associations must be formed and operated.
Discover major laws from the 2023 Texas legislature special session affecting your HOA. Learn what each new Texas HOA law means for your community.
Navigate the impact of SB 1588 & Texas HOA law with our summary of legislative changes, effective dates, & recommended actions for each new provision.
Homeowners associations in Texas must be organized as non-profit corporations under the Texas Business Code. Tex. Prop. Code §204.004. Condominium associations in Texas may organize as either for-profit or nonprofit corporations. Tex. Prop. Code § 82.101.
Taxes Nonprofit associations are subject to a state franchise tax and federal income taxes unless an exemption from those taxes is granted. For franchise tax information visit the web site of the Comptroller of Public Accounts at http://www.window.state.tx.us/taxinfo/franchise/index.html
