[§235-109.5]  Credits against income;claim limitation.  (a)  Notwithstanding any law to the contrary providingfor a tax credit that may be claimed against a taxpayer's tax liability undersection 235-110.51, 235-110.9, 241-4.8, or 431:7-209 for taxable yearsbeginning on or after January 1, 2009, and ending before January 1, 2011, noclaim for these tax credits shall exceed eighty per cent of the taxpayer's taxliability for the taxable year in which the credit is claimed, and any taxcredits claimed shall not result in any credit carryovers.

(b)  This section shall apply to investmentsmade, renovation costs incurred, or eligible depreciable tangible propertyplaced in service on or after May 1, 2009. [L 2009, c 178, §1]

 

Note

 

  Section applies to investments made, renovation costsincurred, or eligible depreciable tangible property placed in service on orafter May 1, 2009.  L 2009, c 178, §10.