Indiana § 6-3-3-1 Amounts deducted and withheld

Indiana Statutes

§ 6-3-3-1 — Amounts deducted and withheld

Indiana·Art. 3 STATE INCOME TAXES·Ch. 3 Credits

(a)Subject to subsection (b), the amount deducted and withheld as tax under IC 6-3-4 or IC 6-5.5-2-8 during any taxable year shall be allowed as a credit to the taxpayer against the tax imposed on the taxpayer by IC 6-3-2.

(b)For each taxable year, the credit provided to a taxpayer by subsection (a) is reduced to the extent that the amount deducted and withheld as tax under IC 6-3-4 or IC 6-5.5-2-8 during the taxable year is applied as a credit against the tax imposed by IC 6-5.5. Formerly: Acts 1963(ss), c.32, s.301; Acts 1965, c.233, s.15. As amended by P.L.2-1988, SEC.8; P.L.146-2020, SEC.25.

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(a) Subject to subsection (b), the amount
deducted and withheld as tax under IC 6-3-4 or IC 6-5.5-2-8 during any
taxable year shall be allowed as a credit to the taxpayer against the tax
imposed on the taxpayer by IC 6-3-2.
(b) For each taxable year, the credit provided to a taxpayer by
subsection (a) is reduced to the extent that the amount deducted and
withheld as tax under IC 6-3-4 or IC 6-5.5-2-8 during the taxable year
is applied as a credit against the tax imposed by IC 6-5.5.
Formerly: Acts 1963(ss), c.32, s.301; Acts 1965, c.233, s.15. As
amended by P.L.2-1988, SEC.8; P.L.146-2020, SEC.25.

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