Indiana Code — Title 6 (Taxation)
IC 6-3.1-19-4
Credit carryover; carryback or refund unavailable
Official textiga.in.govlast amended
Sec. 4. If the amount of the credit determined under section 3 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. A taxpayer is not entitled to a carryback or refund of any unused credit.
As added by P.L.125-1998, SEC.3.
Amendment history
As added by P.L.125-1998, SEC.3.
Source: view the official text
Nearby sections (25 sections)
- 6-3.1-18-5 · "State tax liability"
- 6-3.1-18-6 · Credit; amount; calculation; application
- 6-3.1-18-7 · Application of tax credit to pass through entities;…
- 6-3.1-18-8 · Credit supplement; other credits
- 6-3.1-18-9 · Documentation for credit; form; contents; notification of…
- 6-3.1-18-10 · Amount of tax credits allowed
- 6-3.1-18-11 · Tax credit available only in year paid
- 6-3.1-19-1 · "State and local tax liability"
- 6-3.1-19-1.5 · "Pass through entity"
- 6-3.1-19-2 · "Qualified investment"
- 6-3.1-19-2.5 · "Taxpayer"
- 6-3.1-19-3 · Entitlement to credit; amount; assignment
- 6-3.1-19-4 · Credit carryover; carryback or refund unavailable
- 6-3.1-19-5 · Ineligibility for credit to extent of reduction or…
- 6-3.1-19-5.5 · Repealed
- 6-3.1-19-6 · Method of claiming credit; submission of information
- 6-3.1-19-7 · Credit subject to annual aggregate credit limit
- 6-3.1-20-1 · "Indiana income"
- 6-3.1-20-2 · "Homestead"
- 6-3.1-20-3 · "State income tax liability"
- 6-3.1-20-4 · Entitlement to credit
- 6-3.1-20-5 · Amount of credit
- 6-3.1-20-6 · Filing with department required
- 6-3.1-20-7 · Amount of credits determined by department and deposited in
- 6-3.1-21-1 · Creation of credit