How to Obtain the Credit?
The income tax credit is claimed on Form 3800N. A claim for the credit may be filed quarterly for a refund of the state sales and use taxes paid, either directly or indirectly, after the filing of the income tax return for the tax year in which the credit was first allowed.
Refundable/Transferable Tax Credit- Yes
The credit is allowed for the first tax year it is claimed and for the 20 tax years immediately following.