Indiana § 6-3.1-38.3-9 Credit carryover

Indiana Statutes

§ 6-3.1-38.3-9 — Credit carryover

Indiana § 6-3.1-38.3-9

Art. 3.1STATE TAX LIABILITY CREDITS

Ch. 38.3Employment of Individuals with Disability Tax Credit

This text of Indiana § 6-3.1-38.3-9 (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 § 6-3.1-38.3-9 (2026).

Text

(a)If the amount of the credit determined under section 5 or 6 of this chapter, as applicable, for a taxpayer in a taxable year exceeds the taxpayer's state tax liability for that taxable year, the taxpayer may carry the excess credit over for a period not to exceed the taxpayer's following five (5) 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 a refund of any unused credit amount.

(b)A taxpayer may not assign any part of a credit to which the taxpayer is entitled under this chapter.

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(a) If the amount of the credit determined
under section 5 or 6 of this chapter, as applicable, for a taxpayer in a
taxable year exceeds the taxpayer's state tax liability for that taxable
year, the taxpayer may carry the excess credit over for a period not to
exceed the taxpayer's following five (5) 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 a refund of any unused credit amount.
(b) A taxpayer may not assign any part of a credit to which the
taxpayer is entitled under this chapter.