Carryover Period
ITC earned in tax years beginning on or after January 1, 2000, can be carried forward up to 14 succeeding tax years. Credit earned in tax years beginning before 2000 can also be carried forward up to 14 tax years if the 7-year carryover allowed for these years didn't expire before the first tax year beginning in 2000. For purposes of the carryover period, a short tax year counts as one tax year.
