{"data":{"id":"us-in/ic-6-3.1-40-8","jurisdiction":"us-in","citation":"IC 6-3.1-40-8","heading":"Credit carryover; carryback or refund of unused credit; assignment prohibited","body":"Sec. 8. (a) If the amount of the credit allowed under section 6 of this chapter for a taxpayer in a taxable year exceeds the taxpayer's state income tax liability for that taxable year, the taxpayer may carry the excess credit over for a period not to exceed the taxpayer's following ten (10) taxable years. The amount of the credit carryover from a taxable year must 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. A taxpayer is not entitled to a carryback or a refund of any unused credit amount.\n(b) A taxpayer may not assign any part of a credit to which the taxpayer is entitled under this chapter.","path":["TITLE 6. TAXATION","ARTICLE 3.1. STATE TAX LIABILITY CREDITS","Chapter 40. Physician Practice Ownership Tax Credit"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-3.1-40-8","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"4c7b87702d63d1e6baa91e32a16ef00c6e7aabcabcb65c37215550d56ddb097d","source_id":"us-in","stale":false,"prev":"us-in/ic-6-3.1-40-7","next":"us-in/ic-6-3.1-40-9"},"notice":"GroundRules: Original legal text. Not legal advice."}