Indiana § 6-3.1-19-4 Credit carryover; carryback or refund unavailable

Indiana Statutes

§ 6-3.1-19-4 — Credit carryover; carryback or refund unavailable

Indiana § 6-3.1-19-4

Art. 3.1STATE TAX LIABILITY CREDITS

Ch. 19Community Revitalization Enhancement District Tax

This text of Indiana § 6-3.1-19-4 (Credit carryover; carryback or refund unavailable) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 6-3.1-19-4 (2026).

Text

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.

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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.