Tex. Tax Code § 171.555
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
The direct or indirect owners of a qualified development who intend to claim a credit under this subchapter or Chapter 233, Insurance Code, may by agreement determine the portion of the total amount of credits awarded under Section 171.554 that each owner is entitled to claim. If the owners do not agree, the department shall determine the portion each owner is entitled to claim based on each owner's ownership interest in the qualified development.
Tex. Tax Code § 171.555