{"data":{"id":"us-in/ic-6-3.1-29-14","jurisdiction":"us-in","citation":"IC 6-3.1-29-14","heading":"Credit","body":"Sec. 14. (a) A taxpayer that:\n(1) is awarded a tax credit under this chapter by the corporation; and\n(2) complies with the conditions set forth in this chapter and the agreement entered into by the corporation and the taxpayer under this chapter;\nis entitled to a credit against the taxpayer's state tax liability for a taxable year in which the taxpayer places into service an integrated coal gasification powerplant or a fluidized bed combustion technology and for the taxable years provided in section 16 of this chapter.\n(b) A tax credit awarded under this chapter must be applied against the taxpayer's state tax liability in the following order:\n(1) Against the taxpayer's liability incurred under IC 6-3-1 through IC 6-3-7 (the adjusted gross income tax).\n(2) Against the taxpayer's liability incurred under IC 6-5.5 (the financial institutions tax).\n(3) Against the taxpayer's liability incurred under IC 27-1-18-2 (the insurance premiums tax).\n(4) Against the taxpayer's liability incurred under IC 6-2.3 (the utility receipts tax) (before its repeal).","path":["TITLE 6. TAXATION","ARTICLE 3.1. STATE TAX LIABILITY CREDITS","Chapter 29. Coal Gasification Technology Investment Tax Credit"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-3.1-29-14","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"0aad2fbfee2247d5cba393cfaf4370f30a3dbcc66738cf39f14643aab8d1f6f7","source_id":"us-in","stale":false,"prev":"us-in/ic-6-3.1-29-13","next":"us-in/ic-6-3.1-29-15"},"notice":"GroundRules: Original legal text. Not legal advice."}