1. (a) The amount of tax credits allowed under this chapter may not exceed:

   1. (1) seven hundred fifty thousand dollars ($750,000) in the state fiscal year beginning July 1, 1997, and the state fiscal year beginning July 1, 1998;
   2. (2) four hundred fifty thousand dollars ($450,000) in a state fiscal year that begins after June 30, 1999, and ends before July 1, 2016; and
   3. (3) zero dollars ($0) in a state fiscal year that begins after June 30, 2016.
2. (b) Notwithstanding the other provisions of this chapter, the office may not provide the certifications referred to in section 8 of this chapter for a qualified expenditure made after June 30, 2016. However, this section may not be construed to prevent a taxpayer from carrying an unused tax credit attributable to a qualified expenditure made before July 1, 2016, forward to a taxable year beginning after December 31, 2016, in the manner provided by section 13 of this chapter.

As added by P.L.77-1993, SEC.1. Amended by P.L.54-1997, SEC.5; P.L.213-2015, SEC.85.