{"data":{"id":"us-in/ic-6-3.1-1-2","jurisdiction":"us-in","citation":"IC 6-3.1-1-2","heading":"Order of application","body":"Sec. 2. (a) The tax credits a taxpayer is entitled to shall be applied against the taxpayer's tax liabilities in the following order:\n(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.\n(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.\n(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.\n(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.","path":["TITLE 6. TAXATION","ARTICLE 3.1. STATE TAX LIABILITY CREDITS","Chapter 1. Definitions; Priority of Credits"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-3.1-1-2","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"9c53cde863f0c0d1f13f2d3f5e838f367342eb2cdea3a59f7b169f467539b55a","source_id":"us-in","stale":false,"prev":"us-in/ic-6-3.1-1-1","next":"us-in/ic-6-3.1-1-3"},"notice":"GroundRules: Original legal text. Not legal advice."}