Indiana Statutes
§ 6-3.1-38-8 — Credit carryover; carryback or refund of unused credit
Indiana § 6-3.1-38-8
This text of Indiana § 6-3.1-38-8 (Credit carryover; carryback or refund of unused credit) 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 § 6-3.1-38-8 (2026).
Text
(a)The amount of the credit provided by this
chapter that a qualified taxpayer uses during a particular taxable year
may not exceed the state tax liability of the qualified taxpayer.
(b)If the amount of a credit determined under this chapter for a
particular qualified taxpayer and a particular taxable year exceeds the
qualified taxpayer's state tax liability for that taxable year, then the
qualified taxpayer may carry the excess over to the immediately
succeeding taxable years. The credit carryover may not be used for any
taxable year that begins more than ten (10) years after the date on
which the donation from which the credit results is made. The amount
of the credit carryover from a taxable year shall be reduced to the
extent that the carryover is used by the qualified taxpayer to ob
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Legislative History
As added by P.L.203-2023, SEC.2.
Nearby Sections
15
§ 6-1.1-1-1
Applicability§ 6-1.1-1-1.5
"Assessing official"§ 6-1.1-1-10
"Person"§ 6-1.1-1-11
"Personal property"§ 6-1.1-1-12
"Political subdivision"§ 6-1.1-1-13
Repealed§ 6-1.1-1-14
"Property taxation"§ 6-1.1-1-15
"Real property"§ 6-1.1-1-16
"School corporation"§ 6-1.1-1-17
"Special assessment"§ 6-1.1-1-18
"State agency"§ 6-1.1-1-19
"Tangible property"§ 6-1.1-1-2
"Assessment date"§ 6-1.1-1-20
"Taxing district"§ 6-1.1-1-21
"Taxing unit"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 6-3.1-38-8, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/6-3.1-38-8.