Texas § TX.171.556 - LENGTH OF CREDIT
Full text of Texas The Texas Constitution § TX.171.556 — LENGTH OF CREDIT, with citation guidance and answers to common questions.
§ TX.171.556. LENGTH OF CREDIT
LENGTH OF CREDIT; LIMITATION. (a) A taxable entity entitled to a credit under this subchapter shall claim the credit in equal installments during each year of the credit period. (b) The total credit claimed under this subchapter for a report, including any carry forward or backward under Section 171.557 , may not exceed the amount of tax due for the report after any other applicable credit. 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.171.556
What does The Texas Constitution § TX.171.556 cover?
Section TX.171.556 ("LENGTH OF CREDIT") 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.171.556?
A common citation format is "The Texas Constitution § TX.171.556" (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.171.556 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.