Tex. Tax Code § 171.553
APPLICATION FOR AND ISSUANCE OF ALLOCATION CERTIFICATE
Texas · Texas Tax Code · Status: effective
Cite this
- Citation
- Tex. Tax Code § 171.553, APPLICATION FOR AND ISSUANCE OF ALLOCATION CERTIFICATE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/575599
- Permanent ID
ys:prov:575599@1- SHA-256
750d8fb6eba1e56d56aa9d7def4c5c63cd0c1bb3c4c3fcdf5240f10d8bc061ff
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) A taxable entity or an entity subject to state premium tax liability as defined by Section 233.0001, Insurance Code, must apply to the department for an allocation certificate in connection with a development in which the taxable entity or other entity owns an interest. The application must be submitted to the department along with the application for an allocation of federal tax credits in a manner prescribed by the department.
(b) The department shall issue an allocation certificate if:
(1) the department approves the application submitted under Subsection (a);
(2) the development meets the requirements to be a qualified development; and
(3) the department awards an amount of credit to the development under Section 171.554.