Tex. Tax Code § 172.107
This is the official text of Tex. Tax Code § 172.107, part of Texas’s Tax Code — governs state and local taxation.
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§ 172.107. CARRYFORWARD.
Official statutory text
(a) If an entity is eligible for a credit that exceeds the limitation under Section 172.106(b), the entity may carry the unused credit forward for not more than five consecutive reports.
(b) A carryforward is considered the remaining portion of a credit that cannot be claimed in the current year because of the limitation under Section 172.106(b).
(b) A carryforward is considered the remaining portion of a credit that cannot be claimed in the current year because of the limitation under Section 172.106(b).
Status: in_force · Read it on the official government site
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