Texas Tax Code 171.556 – Length of Credit; Limitation
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(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 § 171.557, may not exceed the amount of tax due for the report after any other applicable credit.
Terms Used In Texas Tax Code 171.556
- Year: means 12 consecutive months. See Texas Government Code 311.005