Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Tax Code § 171.556: LENGTH OF CREDIT; LIMITATION.

Where this section sits in the code

TAX CODE
TITLE 2. STATE TAXATION
SUBTITLE F. FRANCHISE TAX; CREDITS
CHAPTER 171. FRANCHISE TAX
SUBCHAPTER K. 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.

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

Collected 2026-08-27T01:47:41Z. Source file · JSON

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