Texas Tax Code

§ 171.805 — AMOUNT OF CREDIT; LIMITATION ON TOTAL CREDITS

TX § 171.805Title 2. STATE TAXATION · Part F. FRANCHISE TAX; CREDITS · Ch. 171. FRANCHISE TAX · Art. P. STRONG FAMILIES TAX CREDIT

(a)Subject to Subsection (b), the amount of a taxable entity's credit for a report is equal to the lesser of:

(1)the amount of credit awarded to the entity under Section 171.807; or

(2)the amount of franchise tax due for the report after applying all other applicable credits.

(b)The total amount of strong families credits awarded may not exceed $5 million each year.

Legislative history

Added by Acts 2025, 89th Leg., R.S., Ch. 1149 (S.B. 2018), Sec. 1, eff. June 1, 2026.