Indiana § 6-3.1-34.6-13 Credit carryover; no carryback or refund

Indiana Statutes

§ 6-3.1-34.6-13 — Credit carryover; no carryback or refund

Indiana § 6-3.1-34.6-13

Art. 3.1STATE TAX LIABILITY CREDITS

Ch. 34.6Tax Credit for Natural Gas Powered Vehicles

This text of Indiana § 6-3.1-34.6-13 (Credit carryover; no carryback or refund) 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 § 6-3.1-34.6-13 (2026).

Text

(a)If the amount of the credit determined under this chapter for a person in a taxable year exceeds the person's state tax liability for that taxable year, the person may carry over the excess to the 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 person to obtain a credit under this chapter for any subsequent taxable year. A credit may not be carried forward for more than six (6) taxable years following the taxable year in which the person is first entitled to claim the credit.

(b)A person is not entitled to a carryback or refund of any unused credit.

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(a) If the amount of the credit determined
under this chapter for a person in a taxable year exceeds the person's
state tax liability for that taxable year, the person may carry over the
excess to the 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 person to obtain a credit under this chapter for
any subsequent taxable year. A credit may not be carried forward for
more than six (6) taxable years following the taxable year in which the
person is first entitled to claim the credit.
(b) A person is not entitled to a carryback or refund of any unused
credit.