reglab/housing_qa huggingface dataset:
TX Tax Code § 171.312 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter G. Forfeiture of Charter or Certificate of Authority|Section 171.312. Revival of Charter or Certificate of Authority After Forfeiture by Secretary of State

Sec. 171.312.  REVIVAL OF CHARTER OR CERTIFICATE OF AUTHORITY AFTER FORFEITURE BY SECRETARY OF STATE.  A corporation whose charter or certificate of authority is forfeited under this chapter by the secretary of state is entitled to have its charter or certificate revived and to have its corporate privileges revived if:(1)  the corporation files each report that is required by this chapter and that is delinquent;(2)  the corporation pays the tax, penalty, and interest that is imposed by this chapter and that is due at the time the request under Section 171.313 of this code to set aside forfeiture is made;  and(3)  the forfeiture of the corporation's charter or certificate is set aside in a proceeding under Section 171.313 of this code.|Acts 1981, 67th Leg., p. 1707, ch. 389, Sec. 1, eff. Jan. 1, 1982.|
TX Tax Code § 171.3125 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter G. Forfeiture of Charter or Certificate of Authority|Section 171.3125. Revival of Certificate or Registration of Taxable Entity After Forfeiture by Secretary of State

Sec. 171.3125.  REVIVAL OF CERTIFICATE OR REGISTRATION OF TAXABLE ENTITY AFTER FORFEITURE BY SECRETARY OF STATE.  (a)  The secretary of state may, using the same procedures the secretary uses in relation to the revival of a corporation's charter or certificate, revive the certificate or registration of a taxable entity.(b)  The secretary of state may adopt rules to implement this section.|Added by Acts 2007, 80th Leg., R.S., Ch. 1282 (H.B. 3928), Sec. 31, eff. January 1, 2008.|
TX Tax Code § 171.313 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter G. Forfeiture of Charter or Certificate of Authority|Section 171.313. Proceeding to Set Aside Forfeiture by Secretary of State

Sec. 171.313.  PROCEEDING TO SET ASIDE FORFEITURE BY SECRETARY OF STATE.  (a)  If a corporation's charter or certificate of authority is forfeited under this chapter by the secretary of state, a stockholder, director, or officer of the corporation at the time of the forfeiture of the charter or certificate or of the corporate privileges of the corporation may request in the name of the corporation that the secretary of state set aside the forfeiture of the charter or certificate.(b)  If a request is made, the secretary of state shall determine if each delinquent report has been filed and any delinquent tax, penalty, or interest has been paid.  If each report has been filed and the tax, penalty, or interest has been paid, the secretary shall set aside the forfeiture of the corporation's charter or certificate of authority.|Acts 1981, 67th Leg., p. 1707, ch. 389, Sec. 1, eff. Jan. 1, 1982.|
TX Tax Code § 171.314 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter G. Forfeiture of Charter or Certificate of Authority|Section 171.314. Corporate Privileges After Forfeiture by Secretary of State Is Set Aside

Sec. 171.314.  CORPORATE PRIVILEGES AFTER FORFEITURE BY SECRETARY OF STATE IS SET ASIDE.  If the secretary of state sets aside under this chapter the forfeiture of a corporation's charter or certificate of authority, the comptroller shall revive the corporate privileges of the corporation.|Acts 1981, 67th Leg., p. 1708, ch. 389, Sec. 1, eff. Jan. 1, 1982.|
TX Tax Code § 171.315 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter G. Forfeiture of Charter or Certificate of Authority|Section 171.315. Use of Corporate Name After Revival of Charter or Certificate of Authority

Sec. 171.315.  USE OF CORPORATE NAME AFTER REVIVAL OF CHARTER OR CERTIFICATE OF AUTHORITY.  If a corporation's charter or certificate of authority is forfeited under this chapter by the secretary of state and if the corporation requests the secretary to set aside the forfeiture under Section 171.313 of this code, the corporation shall determine from the secretary whether the corporation's name is available for use.  If the name is not available, the corporation shall amend its charter or certificate to change its name.|Acts 1981, 67th Leg., p. 1708, ch. 389, Sec. 1, eff. Jan. 1, 1982.|
TX Tax Code § 171.316 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter G. Forfeiture of Charter or Certificate of Authority|Section 171.316. Banking Corporations

Sec. 171.316.  BANKING CORPORATIONS.  This subchapter does not apply to a banking corporation that is organized under the laws of this state or under federal law and has its main office in this state.|Added by Acts 1984, 68th Leg., 2nd C.S., ch. 31, art. 3, part B, Sec. 6, eff. May 1, 1985.  Amended by Acts 1999, 76th Leg., ch. 184, Sec. 5, eff. Jan. 1, 2000.|
TX Tax Code § 171.317 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter G. Forfeiture of Charter or Certificate of Authority|Section 171.317. Savings and Loan Associations

Sec. 171.317.  SAVINGS AND LOAN ASSOCIATIONS.  This subchapter does not apply to a savings and loan association that is organized under the laws of this state or under federal law and has its main office in this state.|Added by Acts 1991, 72nd Leg., 1st C.S., ch. 5, Sec. 8.21, eff. Jan. 1, 1992.  Amended by Acts 1999, 76th Leg., ch. 184, Sec. 6, eff. Jan. 1, 2000.|
TX Tax Code § 171.351 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter H. Enforcement|Section 171.351. Venue of Suit to Enforce Chapter

Sec. 171.351.  VENUE OF SUIT TO ENFORCE CHAPTER.  Venue of a civil suit against a taxable entity to enforce this chapter is either in a county where the taxable entity's principal office is located according to its charter or certificate of authority or in Travis County.|Acts 1981, 67th Leg., p. 1708, ch. 389, Sec. 1, eff. Jan. 1, 1982.Amended by: Acts 2006, 79th Leg., 3rd C.S., Ch. 1 (H.B. 3), Sec. 10, eff. January 1, 2008.|
TX Tax Code § 171.352 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter H. Enforcement|Section 171.352. Authority to Restrain or Enjoin

Sec. 171.352.  AUTHORITY TO RESTRAIN OR ENJOIN.  To enforce this chapter, a court may restrain or enjoin a violation of this chapter.|Acts 1981, 67th Leg., p. 1708, ch. 389, Sec. 1, eff. Jan. 1, 1982.|
TX Tax Code § 171.353 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter H. Enforcement|Section 171.353. Appointment of Receiver

Sec. 171.353.  APPOINTMENT OF RECEIVER.  If a court forfeits a taxable entity's charter or certificate of authority, the court may appoint a receiver for the taxable entity and may administer the receivership under the laws relating to receiverships.|Acts 1981, 67th Leg., p. 1708, ch. 389, Sec. 1, eff. Jan. 1, 1982.Amended by: Acts 2006, 79th Leg., 3rd C.S., Ch. 1 (H.B. 3), Sec. 11, eff. January 1, 2008.|
TX Tax Code § 171.354 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter H. Enforcement|Section 171.354. Agent for Service of Process

Sec. 171.354.  AGENT FOR SERVICE OF PROCESS.  Each taxable entity on which a tax is imposed by this chapter shall designate a resident of this state as the taxable entity's agent for the service of process.|Acts 1981, 67th Leg., p. 1708, ch. 389, Sec. 1, eff. Jan. 1, 1982.Amended by: Acts 2006, 79th Leg., 3rd C.S., Ch. 1 (H.B. 3), Sec. 12, eff. January 1, 2008.|
TX Tax Code § 171.355 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter H. Enforcement|Section 171.355. Service of Process on Secretary of State

Sec. 171.355.  SERVICE OF PROCESS ON SECRETARY OF STATE.  (a)  Legal process may be served on a domestic corporation by serving it on the secretary of state if the process relates to the forfeiture of the corporation's charter or to the collection of a tax or penalty imposed by this chapter and:(1)  if the local agent of the corporation or if the officers named in the corporation's charter or annual report on file with the secretary of state do not reside or cannot be located in the county in which the corporation's principal office, as stated in the charter, is located;  or(2)  if the principal office of the corporation is not maintained or cannot be located in the county in which the charter states that the office is located.(b)  Complete and valid service of process is made on a corporation through the secretary of state by delivering duplicate copies of the process to the secretary of state or the deputy secretary of state.(c)  On receipt of legal process under this section, the secretary of state promptly shall forward to the corporation by registered mail a copy of the process.  The copy of the process shall be mailed to the address named in the corporation's charter as its principal place of business or to another place of business of the corporation as shown by the records in the secretary of state's office.(d)  The failure of the secretary of state to mail a copy of legal process to a corporation does not affect the validity of the service of process.  It is competent and sufficient proof of the service of process that the secretary of state certifies under the state seal the receipt of the process.(e)  The secretary of state shall keep a record of each legal process served on the secretary under this section showing the date and time of the receipt of the process and the secretary's action on the process.(f)  This section is cumulative of other laws relating to service of process.|Acts 1981, 67th Leg., p. 1708, ch. 389, Sec. 1, eff. Jan. 1, 1982.  Amended by Acts 1993, 73rd Leg., ch. 300, Sec. 38, eff. Aug. 30, 1993.Amended by: Acts 2005, 79th Leg., Ch. 41 (H.B. 297), Sec. 4, eff. September 1, 2005.|
TX Tax Code § 171.361 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter H. Enforcement|Section 171.361. Penalty for Disclosure of Information on Report

Sec. 171.361.  PENALTY FOR DISCLOSURE OF INFORMATION ON REPORT.  (a)  A person commits an offense if the person violates Section 171.208 of this code prohibiting the disclosure of information on a report filed under this chapter.(b)  An offense under this section is punishable by a fine of not more than $1,000, confinement in jail for not more than one year, or both.|Acts 1981, 67th Leg., p. 1710, ch. 389, Sec. 1, eff. Jan. 1, 1982.|
TX Tax Code § 171.362 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter H. Enforcement|Section 171.362. Penalty for Failure to Pay Tax or File Report

Sec. 171.362.  PENALTY FOR FAILURE TO PAY TAX OR FILE REPORT.  (a)  If a taxable entity on which a tax is imposed by this chapter fails to pay the tax when it is due and payable or fails to file a report required by this chapter when it is due, the taxable entity is liable for a penalty of five percent of the amount of the tax due.(b)  If the tax is not paid or the report is not filed within 30 days after the due date, a penalty of an additional five percent of the tax due is imposed.(c)  The minimum penalty under Subsections (a) and (b) is $1.(d)  If a taxable entity electing to remit under Section 171.202(c)(2)(A) remits less than the amount required, the penalties imposed by this section and the interest imposed under Section 111.060 are assessed against the difference between the amount required to be remitted under Section 171.202(c)(2)(A) and the amount actually remitted on or before May 15.(e)  If a taxable entity remits the entire amount required by Section 171.202(c), no penalties will be imposed against the amount remitted on or before November 15.(f)  In addition to any other penalty authorized by this section, a taxable entity who fails to file a report as required by this chapter shall pay a penalty of $50.  The penalty provided by this subsection is assessed without regard to whether the taxable entity subsequently files the report or whether any taxes were due from the taxable entity for the reporting period under the required report.|Acts 1981, 67th Leg., p. 1710, ch. 389, Sec. 1, eff. Jan. 1, 1982.  Amended by Acts 1984, 68th Leg., 2nd C.S., ch. 10, art. 3, Sec. 7, eff. Sept. 1, 1984;  Acts 1985, 69th Leg., ch. 37, Sec. 8, eff. Aug. 26, 1985;  Acts 1991, 72nd Leg., 1st C.S., ch. 5, Sec. 8.22, eff. Jan. 1, 1992.Amended by: Acts 2006, 79th Leg., 3rd C.S., Ch. 1 (H.B. 3), Sec. 13, eff. January 1, 2008.Acts 2011, 82nd Leg., 1st C.S., Ch. 4 (S.B. 1), Sec. 14.08, eff. October 1, 2011.|
TX Tax Code § 171.363 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter H. Enforcement|Section 171.363. Wilful and Fraudulent Acts

Sec. 171.363.  WILFUL AND FRAUDULENT ACTS.  (a)  A taxable entity commits an offense if the taxable entity is subject to the provisions of this chapter and the taxable entity wilfully:(1)  fails to file a report;(2)  fails to keep books and records as required by this chapter;(3)  files a fraudulent report;(4)  violates any rule of the comptroller for the administration and enforcement of the provisions of this chapter; or(5)  attempts in any other manner to evade or defeat any tax imposed by this chapter or the payment of the tax.(b)  A person commits an offense if the person is an accountant or an agent for or an officer or employee of a taxable entity and the person knowingly enters or provides false information on any report, return, or other document filed by the taxable entity under this chapter.(c)  A person who commits an offense under this section may also, in addition to the punishment provided by this section, be liable for a penalty under this chapter.(d)  An offense under this section is a felony of the third degree.(e)  A person whose commercial domicile or whose residence is in this state may be prosecuted under this section only in the county in which the person's commercial domicile or residence is located unless the person asserts a right to be prosecuted in another county.(f)  A prosecution for a violation of this section must be commenced before the fifth anniversary of the date of the violation.|Added by Acts 1991, 72nd Leg., 1st C.S., ch. 5, Sec. 8.23, eff. Jan. 1, 1992.  Amended by Acts 1995, 74th Leg., ch. 1002, Sec. 20, eff. Jan. 1, 1996.Amended by: Acts 2006, 79th Leg., 3rd C.S., Ch. 1 (H.B. 3), Sec. 14, eff. January 1, 2008.|
TX Tax Code § 171.401 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter I. Disposition of Revenue|Section 171.401. Revenue Deposited in General Revenue Fund

Sec. 171.401.  REVENUE DEPOSITED IN GENERAL REVENUE FUND.  The revenue from the tax imposed by this chapter shall be deposited to the credit of the general revenue fund.|Acts 1981, 67th Leg., p. 1710, ch. 389, Sec. 1, eff. Jan. 1, 1982.  Amended by Acts 1984, 68th Leg., 2nd C.S., ch. 31, art. 3, part B, Sec. 7, eff. May 1, 1985;  Acts 1987, 70th Leg., 2nd C.S., ch. 5, art. 2, pt. 1, Sec. 2, eff. Jan. 1, 1988;  Acts 1991, 72nd Leg., 1st C.S., ch. 5, Sec. 8.231, eff. Jan. 1, 1992.Amended by: Acts 2006, 79th Leg., 3rd C.S., Ch. 1 (H.B. 3), Sec. 15, eff. January 1, 2008.|
TX Tax Code § 171.4011 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter I. Disposition of Revenue|Section 171.4011. Allocation of Certain Revenue to Property Tax Relief Fund

Sec. 171.4011.  ALLOCATION OF CERTAIN REVENUE TO PROPERTY TAX RELIEF FUND.  (a)  Notwithstanding Section 171.401, beginning with the state fiscal year that begins September 1, 2007, the comptroller shall, for each state fiscal year, deposit to the credit of the property tax relief fund under Section 403.109, Government Code, an amount of revenue calculated by:(1)  determining the revenue derived from the tax imposed by this chapter as it applied during that applicable state fiscal year; and(2)  subtracting the revenue the comptroller estimates that the tax imposed by this chapter, as it existed on August 31, 2007, would have generated if it had been in effect for that applicable state fiscal year.(b)  If the amount under Subsection (a) is less than zero, the comptroller shall consider the amount to be zero.|Added by Acts 2006, 79th Leg., 3rd C.S., Ch. 3 (H.B. 2), Sec. 2(a), eff. September 1, 2007.|
TX Tax Code § 171.501 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter J. Refunds|Section 171.501. Refund for Job Creation in Enterprise Zone

Sec. 171.501.  REFUND FOR JOB CREATION IN ENTERPRISE ZONE.  (a)  A corporation that has been certified a qualified business as provided by Chapter 2303, Government Code, may apply for and be granted a refund of franchise tax paid with an initial or annual report if the governing body certifies to the comptroller that the business has created 10 or more new jobs held by qualified employees during the calendar year that contains the end of the accounting period on which the report is based.(b)  Only qualified businesses that have been certified as eligible for a refund under this section by the governing body to the comptroller are entitled to the refund.(c)  Repealed by Acts 2003, 78th Leg., ch. 814, Sec. 6.01(10).(d)  The amount of a refund under this section is the lesser of $5,000 or 25 percent of the amount of franchise tax due for any one privilege period before any other applicable credits.  For purposes of this subsection, the initial and second periods are considered to be the same privilege period.(e)  In this section:(1)  "Enterprise zone" and "qualified employee" have the meanings assigned to those terms by Section 2303.003, Government Code.(2)  "Governing body" means the governing body of a municipality or county that applied to have the project or activity of a qualified business designated as an enterprise project under Section 2303.405, Government Code.(3)  "New job" has the meaning assigned "permanent new job" by Section 2303.401, Government Code.(4)  "Qualified business" means a person that is certified as a qualified business under Section 2303.402, Government Code.|Added by Acts 1989, 71st Leg., ch. 1106, Sec. 25, eff. Sept. 1, 1991.  Amended by Acts 1993, 73rd Leg., ch. 268, Sec. 44, eff. Sept. 1, 1993;  Acts 1995, 74th Leg., ch. 76, Sec. 5.59, 5.95(22), eff. Sept. 1, 1995;  Acts 1999, 76th Leg., ch. 1467, Sec. 2.61, eff. Jan. 1, 2000;  Acts 2001, 77th Leg., ch. 1263, Sec. 63, eff. Jan. 1, 2002;  Acts 2003, 78th Leg., ch. 814, Sec. 3.58, 3.59, 6.01(10), eff. Sept. 1, 2003.|
TX Tax Code § 171.601 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter L. Tax Credit for Clean Energy Project|Section 171.601. Definition

Sec. 171.601.  DEFINITION.  In this subchapter, "clean energy project" has the meaning assigned by Section 120.001, Natural Resources Code.|Added by Acts 2009, 81st Leg., R.S., Ch. 1109 (H.B. 469), Sec. 1, eff. September 1, 2009.Transferred, redesignated and amended from Government Code, Subchapter H, Chapter 490 by Acts 2013, 83rd Leg., R.S., Ch. 1003 (H.B. 2446), Sec. 1, eff. June 14, 2013.Redesignated from Tax Code, Section 171.651 by Acts 2015, 84th Leg., R.S., Ch. 1236 (S.B. 1296), Sec. 21.001(46), eff. September 1, 2015.|
TX Tax Code § 171.651 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter M. Tax Credit for Certain Research and Development Activities|Section 171.651. Definitions

Sec. 171.651.  DEFINITIONS.  In this subchapter:(1)  "Internal Revenue Code" means the Internal Revenue Code of 1986 in effect on December 31, 2011, excluding any changes made by federal law after that date, but including any regulations adopted under that code applicable to the tax year to which the provisions of the code in effect on that date applied.(2)  "Public or private institution of higher education" means:(A)  an institution of higher education, as defined by Section 61.003, Education Code; or(B)  a private or independent institution of higher education, as defined by Section 61.003, Education Code.(3)  "Qualified research" has the meaning assigned by Section 41, Internal Revenue Code, except that the research must be conducted in this state.(4)  "Qualified research expense" has the meaning assigned by Section 41, Internal Revenue Code, except that the expense must be for research conducted in this state.|Added by Acts 2013, 83rd Leg., R.S., Ch. 1266 (H.B. 800), Sec. 3, eff. January 1, 2014.|
TX Tax Code § 171.652 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter M. Tax Credit for Certain Research and Development Activities|Section 171.652. Eligibility for Credit

Sec. 171.652.  ELIGIBILITY FOR CREDIT.  A taxable entity is eligible for a credit against the tax imposed under this chapter in the amount and under the conditions and limitations provided by this subchapter.|Added by Acts 2013, 83rd Leg., R.S., Ch. 1266 (H.B. 800), Sec. 3, eff. January 1, 2014.|
TX Tax Code § 171.653 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter M. Tax Credit for Certain Research and Development Activities|Section 171.653. Ineligibility for Credit for Certain Periods

Sec. 171.653.  INELIGIBILITY FOR CREDIT FOR CERTAIN PERIODS.  (a)  A taxable entity is not eligible for a credit on a report against the tax imposed under this chapter for qualified research expenses incurred during the period on which the report is based if the taxable entity, or a member of the combined group if the taxable entity is a combined group, received an exemption under Section 151.3182 during that period.(b)  A taxable entity's ineligibility under this section for a credit on a report for the period on which the report is based does not affect the taxable entity's eligibility to claim a carryforward of unused credit under Section 171.659 on that report.|Added by Acts 2013, 83rd Leg., R.S., Ch. 1266 (H.B. 800), Sec. 3, eff. January 1, 2014.|
TX Tax Code § 171.656 (2021)
2021 Texas Statutes|Tax Code|Title 2 - State Taxation|Subtitle F - Franchise Tax|Chapter 171 - Franchise Tax|Subchapter M. Tax Credit for Certain Research and Development Activities|Section 171.656. Combined Reporting

Sec. 171.656.  COMBINED REPORTING.  (a)  A credit under this subchapter for qualified research expenses incurred by a member of a combined group must be claimed on the combined report required by Section 171.1014 for the group, and the combined group is the taxable entity for purposes of this subchapter.(b)  An upper tier entity that includes the total revenue of a lower tier entity for purposes of computing its taxable margin as authorized by Section 171.1015 may claim the credit under this subchapter for qualified research expenses incurred by the lower tier entity to the extent of the upper tier entity's ownership interest in the lower tier entity.|Added by Acts 2013, 83rd Leg., R.S., Ch. 1266 (H.B. 800), Sec. 3, eff. January 1, 2014.|