{"data":{"id":"us-in/ic-6-3.1-34-13","jurisdiction":"us-in","citation":"IC 6-3.1-34-13","heading":"Credit carryover","body":"Sec. 13. (a) If the amount of the credit determined under section 11 of this chapter 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 nine (9) taxable years, beginning with the taxable year after the year in which the corporation certifies the taxpayer's expenditures as a qualified investment. 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.\n(b) A taxpayer is not entitled to a carryback or a refund of any unused credit amount.","path":["TITLE 6. TAXATION","ARTICLE 3.1. STATE TAX LIABILITY CREDITS","Chapter 34. Redevelopment Tax Credit"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-3.1-34-13","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"f272628579a5d988d7ff8e556bd66a3676972481ec4a9a6b7424465fab503f8e","source_id":"us-in","stale":false,"prev":"us-in/ic-6-3.1-34-12","next":"us-in/ic-6-3.1-34-14"},"notice":"GroundRules: Original legal text. Not legal advice."}