Carry forward of credit
Sec. 15. (a) A taxpayer may carry forward an unused credit for the
number of years determined by the corporation, not to exceed nine
(9) consecutive taxable years, beginning with the taxable year after
the taxable year in which the taxpayer makes the qualified
investment.
(b) The amount that a taxpayer may carry forward to a particular
taxable year under this section equals the unused part of a credit
allowed under this chapter.
(c) A taxpayer may:
(1) claim a tax credit under this chapter for a qualified
investment; and
(2) carry forward a remainder for one (1) or more different
qualified investments;
in the same taxable year.
(d) The total amount of each tax credit claimed under this chapter
may not exceed ten percent (10%) of the qualified investment for
which the tax credit is claimed.
As added by P.L.224-2003, SEC.197. Amended by P.L.199-2005,
SEC.21.
Last modified: May 28, 2006