Procedure to claim credit

# (1)

apply for the department's approval of the tax credit and notify the department of the person's purchase or lease of a qualified vehicle in the manner prescribed by the department;

# (2)

submit proof of the purchase or lease to the department and file with the department information that the department determines is necessary for the calculation of the credit under this chapter;

# (3)

attach proof of the department's approval of the tax credit to the person's state tax return or returns; and

# (4)

claim the approved tax credit on the person's state tax return or returns in the manner prescribed by the department.

(b) The department shall record the time of filing of each application for the department's approval of a tax credit and shall, except as provided in subsection (c), approve granting the credit to the person, if the person otherwise qualifies for a credit under this chapter, in the chronological order in which the application for the department's approval is filed in the year.

(c) If the total credits approved under this section equal the maximum amount allowable in the year, the department may not approve an application for the credit filed later in that year.
As added by P.L.277-2013, SEC.6. Amended by P.L.212-2014, SEC.3.