{"data":{"id":"us-tx/tex.-tax-code-171.805","jurisdiction":"us-tx","citation":"Tex. Tax Code § 171.805","heading":"AMOUNT OF CREDIT; LIMITATION ON TOTAL CREDITS.","body":"(a) Subject to Subsection (b), the amount of a taxable entity's credit for a report is equal to the lesser of:\n(1) the amount of credit awarded to the entity under Section 171.807; or\n(2) the amount of franchise tax due for the report after applying all other applicable credits.\n(b) The total amount of strong families credits awarded may not exceed $5 million each year.\nAdded by Acts 2025, 89th Leg., R.S., Ch. 1149 (S.B. 2018), Sec. 1, eff. June 1, 2026.","path":["TAX CODE","TITLE 2. STATE TAXATION","SUBTITLE F. FRANCHISE TAX; CREDITS","CHAPTER 171. FRANCHISE TAX","SUBCHAPTER P. STRONG FAMILIES TAX CREDIT"],"source_url":"https://statutes.capitol.texas.gov/Docs/TX/htm/TX.171.htm#171.805","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"ab54fa390ecbc64b6ec477d8ab8fddec6a098e7b945c5867fb4c2ddadc780a1d","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-tax-code-171.804","next":"us-tx/tex.-tax-code-171.806"},"notice":"GroundRules: Original legal text. Not legal advice."}