Sec. 171.906. CARRYFORWARD. (a) If an entity is eligible for a credit that exceeds the limitation under Section 171.905(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 171.905(b).
Added by Acts 2013, 83rd Leg., R.S., Ch. 1232 (H.B. 500), Sec. 14(a), eff. January 1, 2015.
Structure Texas Statutes
Subchapter S. Tax Credit for Certified Rehabilitation of Certified Historic Structures
Section 171.9015. Eligible Costs and Expenses
Section 171.902. Eligibility for Credit
Section 171.903. Qualification
Section 171.904. Certification of Eligibility
Section 171.905. Amount of Credit; Limitations
Section 171.907. Application for Credit