IC 6-3.1-1-2 — Order of application

Bills citing this section

• HB 11492026In committee

  Pre-kindergarten care SGO tax credit.

• HB 13662026In committee

  Workforce development incentives.

• HB 14252026In committee

  Social service provider tax credit.

• SB 2632026In committee

  Child and dependent care tax credit.

• SB 812026In committee

  Various tax matters.

Section text

Sec. 2. (a) The tax credits a taxpayer is entitled to shall be applied against the taxpayer's tax liabilities in the following order: (1) First, credits which may not be refunded to a taxpayer nor carried over and applied against any tax liability for any succeeding taxable year. (2) Second, credits which may not be refunded to a taxpayer, but which may be carried over and applied against any tax liability for any succeeding taxable year. (3) Third, credits which will be refunded to a taxpayer to the extent the credit exceeds the tax liability it is to be applied against. (b) Credits described in subsection (a)(2) shall be applied against a taxpayer's tax liabilities so that the credits which may be applied to the fewest succeeding taxable years are utilized first.

As added by P.L.51-1984, SEC.1.

Source: official publisher (2026 edition)

Sections citing IC 6-3.1-1-2

• IC 6-3-3-10
• IC 6-3.1-10-3
• IC 6-3.1-11-12
• IC 6-3.1-13-9
• IC 6-3.1-17.1-6
• IC 6-3.1-18-5
• IC 6-3.1-18-6
• IC 6-3.1-19-1
• IC 6-3.1-22-6
• IC 6-3.1-24-4
• IC 6-3.1-26-9
• IC 6-3.1-29-11
• IC 6-3.1-30-6
• IC 6-3.1-30.5-5
• IC 6-3.1-34-9
• IC 6-3.1-34.6-7
• IC 6-3.1-35-2
• IC 6-3.1-35.8-1
• IC 6-3.1-36-5
• IC 6-3.1-37.2-4
• IC 6-3.1-38-3
• IC 6-3.1-38.1-6
• IC 6-3.1-38.3-2
• IC 6-3.1-39.5-6
• IC 6-3.1-4-3
• IC 6-3.1-40-4
• IC 6-3.1-40.9-5
• IC 6-3.1-45-5
• IC 6-3.1-7-1
• IC 6-3.1-9-1
• IC 6-3.1-9-3