Section 6-3.1-11-22 - Application of credit against taxes owed; order; computation(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:(1) Against the taxpayer's adjusted gross income tax liability (IC 6-3-1 through IC 6-3-7) for the taxable year.(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.(3) Against the taxpayer's financial institutions tax (IC 6-5.5) for the taxable year.(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.Amended by P.L. 154-2020,SEC. 15, eff. 7/1/2020.As added by P.L. 379-1987 (ss), SEC.11. Amended by P.L. 80-1989, SEC.11; P.L. 347-1989 (ss), SEC.17; P.L. 1-1990, SEC.79; P.L. 192-2002 (ss), SEC.102; P.L. 1-2003, SEC.37.