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2017 Indiana Code
TITLE 6. Taxation
ARTICLE 3.1. STATE TAX LIABILITY CREDITS
CHAPTER 1. Definitions; Priority of Credits
6-3.1-1-4. Effect of repeal of tax credit statute on carrying over unused tax credits
Universal Citation: IN Code § 6-3.1-1-4 (2017)
IC 6-3.1-1-4 Effect of repeal of tax credit statute on carrying over unused tax credits
Sec. 4. Except as otherwise expressly provided, a taxpayer may carry forward any unused tax credit from a prior taxable year to a taxable year that begins after the repeal of the statute that provided the tax credit. However, any limits on:
(1) the amount carried forward; or
(2) the number of years to which an unused tax credit may be carried forward;
apply to any part of a tax credit carried forward under this section as if the statute allowing the unused tax credit to be carried forward had not been repealed.
As added by P.L.190-2014, SEC.14.
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