Expiration of credit; carryover after expiration date
Sec. 16. A tax credit may not be allowed under this chapter for a
taxable year that begins after December 31, 2007. However, this
section does not affect the ability of a taxpayer to carry forward the
excess of a tax credit claimed for a taxable year that begins before
January 1, 2008, under section 11 of this chapter.
As added by P.L.109-2001, SEC.1. Amended by P.L.245-2003,
SEC.33; P.L.208-2005, SEC.9.
Last modified: May 28, 2006