Texas Statutes
§ 171.553 — APPLICATION FOR AND ISSUANCE OF ALLOCATION CERTIFICATE.
Texas § 171.553
JurisdictionTexas
Code TXTax Code
This text of Texas § 171.553 (APPLICATION FOR AND ISSUANCE OF ALLOCATION CERTIFICATE.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Tax Code Code Ann. § 171.553 (2026).
Text
Sec. 171.553. APPLICATION FOR AND ISSUANCE OF ALLOCATION CERTIFICATE.
(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 Sectio
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Legislative History
Added by Acts 2023, 88th Leg., R.S., Ch. 811 (H.B. 1058 ), Sec. 1, eff. January 1, 2024.
Nearby Sections
15
§ 171.0001
GENERAL DEFINITIONS.§ 171.0002
DEFINITION OF TAXABLE ENTITY.§ 171.0003
DEFINITION OF PASSIVE ENTITY.§ 171.001
TAX IMPOSED.§ 171.0011
ADDITIONAL TAX.§ 171.002
RATES; COMPUTATION OF TAX.§ 171.052
CERTAIN CORPORATIONS.§ 171.0525
EXEMPTION--CERTAIN INSURANCE COMPANIES.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 171.553, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/TX/171.553.