Texas § IN.228.204 - CONTINUATION OF CLASSIFICATION AS QUALIFIED BUSINESS
Full text of Texas The Texas Constitution § IN.228.204 — CONTINUATION OF CLASSIFICATION AS QUALIFIED BUSINESS, with citation guidance and answers to common questions.
§ IN.228.204. CONTINUATION OF CLASSIFICATION AS QUALIFIED BUSINESS
CONTINUATION OF CLASSIFICATION AS QUALIFIED BUSINESS; FOLLOW-ON INVESTMENTS AUTHORIZED. (a) A business that is classified as a qualified business at the time of the first investment in the business by a certified capital company: (1) remains classified as a qualified business; and (2) may receive follow-on investments from any certified capital company. (b) Except as provided by Subsection (c), a follow-on investment made under Subsection (a) is a qualified investment even though the business may not meet the definition of a qualified business at the time of the follow-on investment. (c) A follow-on investment does not qualify as a qualified investment if, at the time of the follow-on investment, the qualified business no longer has the business's principal business operations in this state. Added by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636 ), Sec. 1B.001, eff. April 1, 2009. SUBCHAPTER F. PREMIUM TAX CREDIT
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.228.204
What does The Texas Constitution § IN.228.204 cover?
Section IN.228.204 ("CONTINUATION OF CLASSIFICATION AS QUALIFIED BUSINESS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.228.204?
A common citation format is "The Texas Constitution § IN.228.204" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.228.204 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.