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A. Every taxpayer may apply to the department for an annual tax credit of $25.00. This credit shall be applied against the taxpayer's aggregate tax liability arising under this chapter for each taxable year.
B. A taxpayer may not apply unused tax credit for any one taxable year against a tax liability arising in any other taxable year and no refund shall be paid to any taxpayer by the department because the annual tax credit exceeds the aggregate tax liability incurred in a taxable year.
(Added Coun. J. 12-4-02, p. 99931, § 2.3)