{"data":{"id":"us-in/ic-6-3.1-11-22","jurisdiction":"us-in","citation":"IC 6-3.1-11-22","heading":"Application of credit against taxes owed; order; computation","body":"Sec. 22. (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:\n(1) Against the taxpayer's adjusted gross income tax liability (IC 6-3-1 through IC 6-3-7) for the taxable year.\n(2) Against the taxpayer's insurance premiums tax liability (IC 27-1-18-2) or nonprofit agricultural organization health coverage tax (IC 6-8-15) for the taxable year.\n(3) Against the taxpayer's financial institutions tax (IC 6-5.5) for the taxable year.\n(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.","path":["TITLE 6. TAXATION","ARTICLE 3.1. STATE TAX LIABILITY CREDITS","Chapter 11. Industrial Recovery Tax Credit"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-3.1-11-22","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"5c9e726f477e70ea89a76b62ce9d3208ddcb4a850d45fbfe44912b338cebf7bd","source_id":"us-in","stale":false,"prev":"us-in/ic-6-3.1-11-21","next":"us-in/ic-6-3.1-11-23"},"notice":"GroundRules: Original legal text. Not legal advice."}