Carryover, carryback, or refund of unused credit disallowed
Sec. 8. (a) If the amount determined under section 5 of this
chapter for a taxable year exceeds the manufacturer's state tax
liability for the taxable year, the manufacturer may not carry over the
excess to following taxable years.
(b) A taxpayer is not entitled to a carryback or refund of any
unused credit.
As added by P.L.215-2003, SEC.2.
Last modified: May 28, 2006