Sec. 1. (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.
Structure Indiana Code
6-3-3-1. Amounts Deducted and Withheld
6-3-3-3. Taxes Paid to Other States; Liability for Income Tax to a Foreign Country
6-3-3-9. Unified Tax Credit for the Elderly
6-3-3-10. Enterprise Zone Employers; Credit; Employment Expenditures
6-3-3-14.5. Credit for Amounts Expended by Teacher for Classroom Supplies