Carryover of excess credit; carryback or refund of unused

Official textiga.in.govlast amended 1987

credit barred
Sec. 17.

# (a)

If the amount determined under section 16(b) of this chapter for a taxable year exceeds the taxpayer's state tax liability for that taxable year, the taxpayer may carry the excess over to the immediately following taxable years. The amount of the credit carryover from a taxable year shall be reduced to the extent that the carryover is used by the taxpayer to obtain a credit under this chapter for any subsequent taxable year.

# (b)

A taxpayer is not entitled to a carryback or refund of any unused credit.
As added by P.L.379-1987(ss), SEC.11.

Amendment history

As added by P.L.379-1987(ss), SEC.11.

Source: view the official text

Nearby sections (25 sections)

6-3.1-11-5 · "Industrial recovery site"
6-3.1-11-6 · Repealed
6-3.1-11-7 · Repealed
6-3.1-11-8 · "Placed in service"
6-3.1-11-9 · "Plant"
6-3.1-11-10 · "Qualified investment"
6-3.1-11-11 · "Rehabilitation"
6-3.1-11-12 · "State tax liability"
6-3.1-11-13 · "Taxpayer"
6-3.1-11-14 · "Vacant"
6-3.1-11-15 · Repealed
6-3.1-11-16 · Credit for qualified investment; computation of amount;
6-3.1-11-17 · Carryover of excess credit; carryback or refund of unused
6-3.1-11-18 · Repealed
6-3.1-11-18.5 · Application to enter into agreement with the corporation
6-3.1-11-19 · Evaluation of applications; factors considered; additional
6-3.1-11-19.5 · Requirement that applicant enter into agreement with the
6-3.1-11-20 · Repealed
6-3.1-11-21 · Disqualification to claim credit due to substantial…
6-3.1-11-22 · Application of credit against taxes owed; order;…
6-3.1-11-23 · Claiming of credit on annual tax return; certification;…
6-3.1-11-24 · Pass through entities
6-3.1-11-25 · Expiration
6-3.1-13-0.4 · Legalization of actions taken by Indiana economic
6-3.1-13-1 · Repealed

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