Texas § TX.171.553 - APPLICATION FOR AND ISSUANCE OF ALLOCATION CERTIFICATE
Full text of Texas The Texas Constitution § TX.171.553 — APPLICATION FOR AND ISSUANCE OF ALLOCATION CERTIFICATE, with citation guidance and answers to common questions.
§ TX.171.553. APPLICATION FOR AND ISSUANCE OF ALLOCATION CERTIFICATE
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 Section 171.554 . Added by Acts 2023, 88th Leg., R.S., Ch. 811 (H.B. 1058 ), Sec. 1, eff. January 1, 2024.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § TX.171.553
What does The Texas Constitution § TX.171.553 cover?
Section TX.171.553 ("APPLICATION FOR AND ISSUANCE OF ALLOCATION CERTIFICATE") 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 § TX.171.553?
A common citation format is "The Texas Constitution § TX.171.553" (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 § TX.171.553 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.