Tex. Tax Code Section 172.107
Carryforward

(a)

If an entity is eligible for a credit that exceeds the limitation under Section 172.106 (Amount of Credit; Limitations)(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 172.106 (Amount of Credit; Limitations)(b).
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 (Franchise Tax) by Acts 2023, 88th Leg., R.S., Ch. 83 (S.B. 1013), Sec. 2, eff. September 1, 2023.

Source: Section 172.107 — Carryforward, https://statutes.­capitol.­texas.­gov/Docs/TX/htm/TX.­172.­htm#172.­107 (accessed May 18, 2024).

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Accessed:
May 18, 2024

§ 172.107’s source at texas​.gov