Page 1623

which the tax credit award certificate is issued, and the certificate shall be attached to the return. If the taxpayer is a partnership or Subchapter S corporation, the credit shall be allowed to the partners or shareholders in accordance with the provisions of Section 251. The credit may not reduce the taxpayer's liability to less than zero. If the amount of the credit exceeds the tax liability for the year, the excess may be carried forward and applied to the tax liability of the 5 taxable years following the excess credit year. The credit shall be applied to the earliest year for which there is a tax liability. If there are credits from more than one tax year that are available to offset a liability, the earlier credit shall be applied first. (Source: P.A. 103-592, Article 52, Section 52-5, eff. 6-7-24; 104-417, eff. 8-15-25.) ARTICLE 830 Section 830-5. The Reimagining Energy and Vehicles in Illinois Act is amended by changing Section 85 as follows: (20 ILCS 686/85) Sec. 85. Sunset of new agreements. The Department shall not enter into any new Agreements under the provisions of this Act after December 31, 2028 2027. (Source: P.A. 102-669, eff. 11-16-21.) SB3019 Enrolled LRB104 20255 HLH 33706 b Public Act 104-0468