Texas § 171.805 AMOUNT OF CREDIT; LIMITATION ON TOTAL CREDITS.

Texas Statutes

§ 171.805 — AMOUNT OF CREDIT; LIMITATION ON TOTAL CREDITS.

Texas § 171.805

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This text of Texas § 171.805 (AMOUNT OF CREDIT; LIMITATION ON TOTAL CREDITS.) 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. § 171.805 (2026).

Text

Text of section effective on June 01, 2026 Sec. 171.805. AMOUNT OF CREDIT; LIMITATION ON TOTAL CREDITS.

(a)Subject to Subsection (b), the amount of a taxable entity's credit for a report is equal to the lesser of:

(1)the amount of credit awarded to the entity under Section 171.807 ; or

(2)the amount of franchise tax due for the report after applying all other applicable credits.

(b)The total amount of strong families credits awarded may not exceed $5 million each year.

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Text of section effective on June 01, 2026
Sec. 171.805. AMOUNT OF CREDIT; LIMITATION ON TOTAL CREDITS. (a) Subject to Subsection (b), the amount of a taxable entity's credit for a report is equal to the lesser of:
(1) the amount of credit awarded to the entity under Section 171.807 ; or
(2) the amount of franchise tax due for the report after applying all other applicable credits.
(b) The total amount of strong families credits awarded may not exceed $5 million each year.