12/22/2008 — Master site admin
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As you visit this site you will find pieces of information that you may want to add to a Custom Profile. To do that simply click the "add" link that is associated with that information. Once you are finished gathering data simply click "View Custom Report" and that will take you directly to your report. From there you can email, print or create a PDF of that report.
Texas Franchise Tax Exemptions and Deductions - Wind and Solar Energy
Tax Code Section 171.056 extends a franchise tax exemption to manufacturers, sellers, or installers of solar energy devices. The state also permits a corporate deduction from the state’s franchise tax for renewable energy sources. Business owners may deduct the cost of the system from the company’s taxable capital or deduct 10% from the company’s income.
Wind energy qualifies under the term “solar energy” for the exemption and deduction under Sections 171.056 and 171.07. Franchise tax questions: 1-800-531-5441, ext 5-9952 or 512-305-9952.