Texas Tax Code

§ 172.104 — QUALIFICATION

TX § 172.104Title 2. STATE TAXATION · Part F. FRANCHISE TAX; CREDITS · Ch. 172. TAX CREDIT FOR CERTIFIED REHABILITATION OF CERTIFIED HISTORIC STRUCTURES

Statute text

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An entity is eligible for a credit for eligible costs and expenses incurred in the certified rehabilitation of a certified historic structure as provided by this chapter if:

(1)the rehabilitated certified historic structure is placed in service on or after September 1, 2013;

(2)the entity has an ownership interest in the certified historic structure in the year during which the structure is placed in service after the rehabilitation; and

(3)the total amount of the eligible costs and expenses incurred exceeds $5,000.

Legislative history

Added by Acts 2013, 83rd Leg., R.S., Ch. 1232 (H.B. 500), Sec. 14(a), eff. January 1, 2015. Transferred, redesignated and amended from Tax Code, Subchapter S, Chapter 171 by Acts 2023, 88th Leg., R.S., Ch. 83 (S.B. 1013), Sec. 2, eff. September 1, 2023.