Indiana § 6-3.1-30.5-9.5 Unused credit carried forward; taxable years beginning after December
31, 2012

Indiana Statutes

§ 6-3.1-30.5-9.5 — Unused credit carried forward; taxable years beginning after December 31, 2012

Indiana § 6-3.1-30.5-9.5

Art. 3.1STATE TAX LIABILITY CREDITS

Ch. 30.5School Scholarship Tax Credit

This text of Indiana § 6-3.1-30.5-9.5 (Unused credit carried forward; taxable years beginning after December 31, 2012) 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 § 6-3.1-30.5-9.5 (2026).

Text

5.

(a)This section applies to a taxpayer that is entitled to a tax credit under this chapter for a taxable year beginning after December 31, 2012.

(b)If the credit provided by this chapter exceeds the taxpayer's state tax liability for the taxable year for which the credit is first claimed, the excess may be carried forward to succeeding taxable years and used as a credit against the taxpayer's state tax liability during those taxable years. Each time the credit is carried forward to a succeeding taxable year, the credit is reduced by the amount that was used as a credit during the immediately preceding taxable year. The credit provided by this chapter may be carried forward and applied to succeeding taxable years for nine (9) taxable years following the unused credit year.

(c)A taxpaye

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5. (a) This section applies to a taxpayer that
is entitled to a tax credit under this chapter for a taxable year beginning
after December 31, 2012.
(b) If the credit provided by this chapter exceeds the taxpayer's state
tax liability for the taxable year for which the credit is first claimed, the
excess may be carried forward to succeeding taxable years and used as
a credit against the taxpayer's state tax liability during those taxable
years. Each time the credit is carried forward to a succeeding taxable
year, the credit is reduced by the amount that was used as a credit
during the immediately preceding taxable year. The credit provided by
this chapter may be carried forward and applied to succeeding taxable
years for nine (9) taxable years following the unused credit year.
(c) A taxpayer is not entitled to a carryback or refund of any unused
credit.