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Tex. Tax Code § 171.556

LENGTH OF CREDIT; LIMITATION

Texas · Texas Tax Code · Status: effective

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Tex. Tax Code § 171.556, LENGTH OF CREDIT; LIMITATION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/575602
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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 Section 171.557, may not exceed the amount of tax due for the report after any other applicable credit.