Municipal Net Profit Tax


What will happen to my credit carry forward from my last return filed with the municipal corporation?

The balance of any credit carryforward you have with a municipal corporation will apply to your account with the Department and will be applied to reduce the tax liability for that municipal corporation.  A credit carryforward in one municipal corporation may not be used to offset a tax liability in a different municipal corporation. The credit carryforward will be tracked and carried forward to future taxable years until the balance is used.