Tex. Tax Code § 171.9205 · Subchapter T. TAX CREDIT FOR CERTAIN RESEARCH AND DEVELOPMENT ACTIVITIES
CREDIT FOR CERTAIN TAXABLE ENTITIES THAT OWE NO TAX.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A taxable entity that incurs qualified research expenses during a period for which the entity is not required to pay the tax imposed by this chapter under Section 171.001(d) or 171.002(d) may calculate the amount of the credit to which the entity would otherwise be entitled under this subchapter on a report and receive that amount as a refundable credit.
(b) In determining the amount of the credit that may be refunded to a taxable entity under Subsection (a) of this section, the limitation prescribed by Section 171.9207 does not apply.
(c) Notwithstanding Section 171.204(b), a taxable entity must apply for a credit under this section on or with the report for the period for which the credit is claimed or, if the entity does not file a report for the applicable period, on a form adopted by the comptroller. The form must be submitted to the comptroller on or before the date a report for the period for which the credit is claimed would be due.
Notes and commentary — not statutory text
History
Added by Acts 2025, 89th Leg., R.S., Ch. 1183 (S.B. 2206), Sec. 1, eff. January 1, 2026.
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 367565a88eeb3573d63a82316a5a13b41d3db5c62bc7c7c89cfce5ffa924d0e0
- 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.
Tax Code
- Tex. Tax Code § 171.001TAX IMPOSED.Printed as Section 171.001(d) or 171.002(d)
- Tex. Tax Code § 171.002RATES; COMPUTATION OF TAX.Printed as Section 171.001(d) or 171.002(d)
- Tex. Tax Code § 171.204INFORMATION REPORT.Printed as Section 171.204(b)
- Tex. Tax Code § 171.9207LIMITATION.Printed as Section 171.9207
Cited by 1 provision
Provisions in this library whose text cites Tex. Tax Code § 171.9205. Each shows the citation as that text prints it.
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