Program expiration; treatment of credit carryovers

Official textiga.in.govlast amended 2017

Sec. 8.

# (a)

Notwithstanding any other law, a taxpayer is not entitled to receive a credit under this chapter for interest received on a qualified loan made after December 31, 2017.
However, this section may not be construed to prevent a taxpayer from carrying an unused tax credit attributable to a qualified loan made before January 1, 2018, forward to a taxable year beginning after December 31, 2017, and before January 1, 2028, in the manner provided by section 3 of this chapter.

# (b)

This chapter expires January 1, 2028.
As added by P.L.238-2017, SEC.20.

Amendment history

As added by P.L.238-2017, SEC.20.

Source: view the official text

Nearby sections (25 sections)

6-3.1-4-4 · Application of Internal Revenue Code provisions
6-3.1-4-5 · Qualified research expenses; determination
6-3.1-4-6 · Federal credit expiration date inapplicable
6-3.1-4-7 · Pass through entity; shareholder, partner, or member
6-3.1-4-8 · Disclosure of reasons for not claiming the federal credit
6-3.1-7-1 · Definitions
6-3.1-7-2 · Eligible taxpayers; amount of credit; pass through entities
6-3.1-7-3 · Credit carryover
6-3.1-7-4 · Credit; allocation to state tax liability
6-3.1-7-5 · Claiming of credit on annual state tax return
6-3.1-7-6 · Disallowance of credit
6-3.1-7-7 · Tax credit report
6-3.1-7-8 · Program expiration; treatment of credit carryovers
6-3.1-9-1 · Definitions
6-3.1-9-2 · Eligible persons; application for allocation of tax credits;
6-3.1-9-3 · Amount of credit; application; pass through entities;
6-3.1-9-4 · Documentation for credit; form; contents; priority…
6-3.1-9-5 · Amount of tax credits allowed
6-3.1-9-6 · Allowable years of credit
6-3.1-10-1 · "Enterprise zone" defined
6-3.1-10-1.7 · "Pass through entity" defined
6-3.1-10-2 · "Qualified investment" defined
6-3.1-10-2.5 · "SIC Manual" defined
6-3.1-10-3 · "State tax liability" defined
6-3.1-10-4 · "Taxpayer" defined

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