§ 171.551 Definitions
§ 171.552 Entitlement to Credit
§ 171.553 Application for and Issuance of Allocation Certificate
§ 171.554 Amount of Credits; Method of Award
§ 171.555 Apportionment of Credit
§ 171.556 Length of Credit; Limitation
§ 171.557 Carry Forward or Backward
§ 171.558 Recapture
§ 171.559 Allocation of Credit
§ 171.560 Filing Requirements After Allocation
§ 171.561 Application for Credit
§ 171.562 Rules; Procedures
§ 171.563 Compliance Monitoring
§ 171.564 Inclusion of Information in Low Income Housing Plan
§ 171.565 Expiration of Authority to Allocate Credits
§ 171.566 Priority Allocation for Certain Qualified Developments
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Terms Used In Texas Tax Code Chapter 171 > Subchapter K - Tax Credit for Certain Housing Developments

  • Comptroller: means the Comptroller of Public Accounts of the State of Texas. See Texas Tax Code 1.04
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
  • Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
  • Tax year: means the calendar year. See Texas Tax Code 1.04
  • Year: means 12 consecutive months. See Texas Government Code 311.005