Limitations.
1.
(1)#
No credit may be allowed under this subsection for an amount paid for qualifying transportation services if the source of the payment is an amount withdrawn from an ABLE account described under section 529A (b) (1) of the Internal Revenue Code and if the owner of the account or other person who deposited into the account has claimed a subtraction under s. 71.05 (6) (b) 52. that relates to such an amount.
(2)#
No credit may be allowed under this subsection for an amount paid for qualifying transportation services if the claimant is reimbursed for the amount paid.
(3)#
The maximum amount of the credit that a claimant may claim under this subsection in a taxable year is $1,500.
(4)#
No credit may be allowed under this subsection unless it is claimed within the period specified in s. 71.75 (2).