Tex. Tax Code § 171.553 · Subchapter K. TAX CREDIT FOR CERTAIN HOUSING DEVELOPMENTS
APPLICATION FOR AND ISSUANCE OF ALLOCATION CERTIFICATE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A taxable entity or an entity subject to state premium tax liability as defined by Section 233.0001, Insurance Code, must apply to the department for an allocation certificate in connection with a development in which the taxable entity or other entity owns an interest. The application must be submitted to the department along with the application for an allocation of federal tax credits in a manner prescribed by the department.
(b) The department shall issue an allocation certificate if:
(1) the department approves the application submitted under Subsection (a);
(2) the development meets the requirements to be a qualified development; and
(3) the department awards an amount of credit to the development under Section 171.554.
Notes and commentary — not statutory text
History
Added by Acts 2023, 88th Leg., R.S., Ch. 811 (H.B. 1058), Sec. 1, eff. January 1, 2024.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TX/htm/TX.171.htm
- Text hash
- sha256 05cc6f9d9867686cbc998175c9c56bedb41595397f9f616ebaa67bc2fb95bd84
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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