Indiana § 6-3.1-35-4 Credit carryover

Indiana Statutes

§ 6-3.1-35-4 — Credit carryover

Indiana § 6-3.1-35-4

Art. 3.1STATE TAX LIABILITY CREDITS

Ch. 35Affordable and Workforce Housing Tax Credit

This text of Indiana § 6-3.1-35-4 (Credit carryover) 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 § 6-3.1-35-4 (2026).

Text

(a)If a holder's state tax credit exceeds the holder's state tax liability for the taxable year, the excess may be carried forward for up to nine (9) consecutive taxable years immediately following the first taxable year of the holder's state tax credit period and may be used to reduce the holder's state tax liability during those taxable years. Only the unused part of a state tax credit may be carried forward and used in a subsequent taxable year.

(b)The holder of a state tax credit is not entitled to a carryback or refund of any unused credit.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) If a holder's state tax credit exceeds the
holder's state tax liability for the taxable year, the excess may be
carried forward for up to nine (9) consecutive taxable years
immediately following the first taxable year of the holder's state tax
credit period and may be used to reduce the holder's state tax liability
during those taxable years. Only the unused part of a state tax credit
may be carried forward and used in a subsequent taxable year.
(b) The holder of a state tax credit is not entitled to a carryback or
refund of any unused credit.