Section 14. Claiming The Tax Credit

A. To claim the tax credit, a taxpayer owning a geothermal ground-coupled heat pump system that the department has certified shall submit to the taxation and revenue department a claim, which shall consist of the certificate of eligibility the department issued to the taxpayer, a completed claim form the taxation and revenue department has approved and any other information the taxation and revenue department requires. B. If the amount of tax credit claimed exceeds the taxpayer’s individual income tax liability, the taxpayer may carry the excess forward for up to 10 consecutive taxable years.