Sec. 12. As used in this chapter, "state tax liability" means the taxpayer's total tax liability that is incurred under:
(1) IC 6-3-1 through IC 6-3-7 (the adjusted gross income tax);
(2) IC 27-1-18-2 (the insurance premiums tax) or IC 6-8-15 (the nonprofit agricultural organization health coverage tax); and
(3) IC 6-5.5 (the financial institutions tax);
as computed after the application of the credits that, under IC 6-3.1-1-2, are to be applied before the credit provided by this chapter.
As added by P.L.379-1987(ss), SEC.11. Amended by P.L.80-1989, SEC.10; P.L.347-1989(ss), SEC.16; P.L.192-2002(ss), SEC.101; P.L.154-2020, SEC.13.
Structure Indiana Code
Article 3.1. State Tax Liability Credits
Chapter 11. Industrial Recovery Tax Credit
6-3.1-11-1. "Applicable Percentage"
6-3.1-11-5. "Industrial Recovery Site"
6-3.1-11-8. "Placed in Service"
6-3.1-11-10. "Qualified Investment"
6-3.1-11-12. "State Tax Liability"
6-3.1-11-16. Credit for Qualified Investment; Computation of Amount; Assignment of Credit
6-3.1-11-17. Carryover of Excess Credit; Carryback or Refund of Unused Credit Barred
6-3.1-11-18.5. Application to Enter Into Agreement With the Corporation
6-3.1-11-22. Application of Credit Against Taxes Owed; Order; Computation
6-3.1-11-23. Claiming of Credit on Annual Tax Return; Certification; Required Information