Transferability of Tax Credit

Tex. Tax Code § 204.007, under Tax Credit For New Field Discoveries.

Tex. Tax Code § 204.007

Sec. 204.007. TRANSFERABILITY OF TAX CREDIT. The tax credit earned under this chapter is fully transferable. Added by Acts 1993, 73rd Leg., ch. 1014, Sec. 1, eff. Sept. 1, 1993.