Tex. Tax Code § 171.556 · Subchapter K. TAX CREDIT FOR CERTAIN HOUSING DEVELOPMENTS
LENGTH OF CREDIT; LIMITATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
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 cb0ed28ad948c932a7bdf8cf4d59959f801825605543110ad5a3482ec30cfa72
- 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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