Sec. 5-5.4. Limitations and carryover

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(a) The credit may not exceed $10,000 per vehicle and may only be claimed once per vehicle.
(b) The credit and carryover of such credit allowed for any taxable year, in the aggregate, may reduce the tax due to zero.
(c) If the taxpayer has an excess credit after reducing the tax due to zero, the excess may be carried over to the following year or years and may be deducted from the taxpayer's tax for that year or years.

                    
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