Texas Tax Code

§ 172.102 — ELIGIBLE COSTS AND EXPENSES

TX § 172.102Title 2. STATE TAXATION · Part F. FRANCHISE TAX; CREDITS · Ch. 172. TAX CREDIT FOR CERTIFIED REHABILITATION OF CERTIFIED HISTORIC STRUCTURES

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(a)Subject to Subsections (b) and (c), in this chapter, "eligible costs and expenses" means qualified rehabilitation expenditures as defined by Section 47(c)(2), Internal Revenue Code. Text of subsection effective until January 01, 2035

(b)Except as provided by Subsection (c), the depreciation and tax-exempt use provisions of Section 47(c)(2), Internal Revenue Code, do not apply to costs and expenses incurred by an entity exempted from the federal income tax under Section 501(a), Internal Revenue Code, or by an institution of higher education or university system as defined by Section 61.003, Education Code, and those costs and expenses are eligible costs and expenses if the other provisions of Section 47(c)(2), Internal Revenue Code, are satisfied. Text of subsection effective on January 01, 2035

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Legislative history

Acts 2025, 89th Leg., R.S., Ch. 646 (H.B. 4044), Sec. 1(a), eff. January 1, 2026. Acts 2025, 89th Leg., R.S., Ch. 646 (H.B. 4044), Sec. 1(b), eff. January 1, 2035.