Tex. Tax Code § 171.565 · Subchapter K. TAX CREDIT FOR CERTAIN HOUSING DEVELOPMENTS
EXPIRATION OF AUTHORITY TO ALLOCATE CREDITS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) After December 31, 2029, the department may not:
(1) reserve an amount of credit under this subchapter for a qualified development for the purpose of issuing an allocation certificate for the development at a later date; or
(2) issue an allocation certificate for a qualified development unless, on or before December 31, 2029, the department reserved an amount of credit under this subchapter for the development for the purpose of issuing an allocation certificate at a later date if the requirements for issuance of the certificate are met.
(b) On or after January 1, 2030:
(1) the department may issue an allocation certificate for which an amount of credit was reserved under Subsection (a)(2); and
(2) an entity may claim a credit on a tax report as provided by this subchapter or Chapter 233, Insurance Code, in connection with a qualified development for which the department issued an allocation certificate or reserved an amount of credit before January 1, 2030.
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 cff0f93617a18e71c98fc4859f4b8b04016d4bd68c23c2a1207dcd56ba50f403
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 1 provision
Provisions in this library whose text cites Tex. Tax Code § 171.565. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.