Tax Code › Title 2 › Chapter 171 › Subchapter K

Texas Tax Code § 171.556

Length of Credit; Limitation

Franchise Tax · Tax Credit for Certain Housing Developments

(a) A taxable entity entitled to a credit under this subchapter shall claim the credit in equal installments during each year of the credit period.

(b) The total credit claimed under this subchapter for a report, including any carry forward or backward under Section 171.557, may not exceed the amount of tax due for the report after any other applicable credit.

Official text of the Texas Tax Code as published by the Texas Legislative Council.

Official source
Legislative history

Added by Acts 2023, 88th Leg., R.S., Ch. 811 (H.B. 1058), Sec. 1, eff. January 1, 2024.

This section refers to

§ 171.557

Sections that refer to this one

Ins. § 233.0052§ 171.557