Texas § TX.171.565 - EXPIRATION OF AUTHORITY TO ALLOCATE CREDITS
Full text of Texas The Texas Constitution § TX.171.565 — EXPIRATION OF AUTHORITY TO ALLOCATE CREDITS, with citation guidance and answers to common questions.
§ TX.171.565. EXPIRATION OF AUTHORITY TO ALLOCATE CREDITS
EXPIRATION OF AUTHORITY TO ALLOCATE CREDITS. (a) After December 31, 2029, the department may not: (1) reserve an amount of credit under this subchapter for a qualified development for the purpose of issuing an allocation certificate for the development at a later date; or (2) issue an allocation certificate for a qualified development unless, on or before December 31, 2029, the department reserved an amount of credit under this subchapter for the development for the purpose of issuing an allocation certificate at a later date if the requirements for issuance of the certificate are met. (b) On or after January 1, 2030: (1) the department may issue an allocation certificate for which an amount of credit was reserved under Subsection (a)(2); and (2) an entity may claim a credit on a tax report as provided by this subchapter or Chapter 233 , Insurance Code, in connection with a qualified development for which the department issued an allocation certificate or reserved an amount of credit before January 1, 2030. 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.171.565
What does The Texas Constitution § TX.171.565 cover?
Section TX.171.565 ("EXPIRATION OF AUTHORITY TO ALLOCATE CREDITS") 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.171.565?
A common citation format is "The Texas Constitution § TX.171.565" (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.171.565 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.