Texas § 172.107 CARRYFORWARD.

Texas Statutes

§ 172.107 — CARRYFORWARD.

Texas § 172.107

Code TXTax Code

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Bluebook

Tex. Tax Code Code Ann. § 172.107 (2026).

Text

Sec. 172.107. CARRYFORWARD.

(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). Transferred, redesignated and amended from Tax Code, Subchapter S, Chapter 171 by Acts 2023, 88th Leg., R.S., Ch. 83 (S.B. 1013 ), Sec. 2, eff. September 1, 2023.

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Sec. 172.107. CARRYFORWARD. (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).
Transferred, redesignated and amended from Tax Code, Subchapter S, Chapter 171 by Acts 2023, 88th Leg., R.S., Ch. 83 (S.B. 1013 ), Sec. 2, eff. September 1, 2023.