Indiana Statutes
§ 6-3.1-37.2-12 — Application of credit against taxpayer's taxes
Indiana § 6-3.1-37.2-12
This text of Indiana § 6-3.1-37.2-12 (Application of credit against taxpayer's taxes) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 6-3.1-37.2-12 (2026).
Text
(a)A credit to which a taxpayer is entitled
under this chapter shall be applied against taxes owed by the taxpayer
in the following order:
(1)Against the taxpayer's adjusted gross income tax liability (IC 6-3-1 through IC 6-3-7) for the taxable year.
(2)Against the taxpayer's insurance premiums tax liability (IC 27-1-18-2) for the taxable year.
(3)Against the taxpayer's financial institutions tax (IC 6-5.5) for
the taxable year.
(b)Whenever the tax paid by the taxpayer under any of the tax
provisions listed in subsection (a) is a credit against the liability or a
deduction in determining the tax base under another Indiana tax
provision, the credit or deduction shall be computed without regard to
the credit to which a taxpayer is entitled under this chapter.
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Legislative History
As added by P.L.214-2023, SEC.2.
Nearby Sections
15
§ 6-1.1-1-1
Applicability§ 6-1.1-1-1.5
"Assessing official"§ 6-1.1-1-10
"Person"§ 6-1.1-1-11
"Personal property"§ 6-1.1-1-12
"Political subdivision"§ 6-1.1-1-13
Repealed§ 6-1.1-1-14
"Property taxation"§ 6-1.1-1-15
"Real property"§ 6-1.1-1-16
"School corporation"§ 6-1.1-1-17
"Special assessment"§ 6-1.1-1-18
"State agency"§ 6-1.1-1-19
"Tangible property"§ 6-1.1-1-2
"Assessment date"§ 6-1.1-1-20
"Taxing district"§ 6-1.1-1-21
"Taxing unit"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 6-3.1-37.2-12, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/6-3.1-37.2-12.