Texas Tax Code

§ 171.108 — DEDUCTION OF COST OF CLEAN COAL PROJECT FROM MARGIN APPORTIONED TO THIS STATE

TX § 171.108Title 2. STATE TAXATION · Part F. FRANCHISE TAX; CREDITS · Ch. 171. FRANCHISE TAX · Art. C. DETERMINATION OF TAXABLE MARGIN; ALLOCATION AND APPORTIONMENT

Statute text

View on source

(a)In this section, "clean coal project" has the meaning assigned by Section 5.001, Water Code.

(b)A taxable entity may deduct from its apportioned margin 10 percent of the amortized cost of equipment:

(1)that is used in a clean coal project;

(2)that is acquired by the taxable entity for use in generation of electricity, production of process steam, or industrial production;

(3)that the taxable entity uses in this state; and

(4)the cost of which is amortized in accordance with Subsection (c).

…

Legislative history

Acts 2006, 79th Leg., 3rd C.S., Ch. 1 (H.B. 3), Sec. 5, eff. January 1, 2008.