Tex. Tax Code § 171.556
This is the official text of Tex. Tax Code § 171.556, part of Texas’s Tax Code — governs state and local taxation.
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§ 171.556. LENGTH OF CREDIT; LIMITATION.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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