89th Legislature, Regular Session
SB 2814
Relating to a franchise or insurance premium tax credit for certain housing developments.
Introduced
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- Passed Senate
- Passed House
- To Governor
- Became Law
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By: Alvarado S.B. No. 2814 AN ACT relating to a franchise or insurance premium tax credit for certain housing developments. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Chapter 171, Tax Code, is amended by adding Subchapter K to read as follows: SUBCHAPTER K. TAX CREDIT FOR CERTAIN HOUSING DEVELOPMENTS Sec. 171.551. DEFINITIONS. In this subchapter: (1) "Allocation certificate" means a statement issued by the department certifying that a qualified development qualifies for credits under this subchapter and Chapter 233, Insurance Code, specifying the total amount of the credits awarded in connection