Section 6-3.1-18-6 - Credit; amount; calculation; application(a) Subject to the limitations provided in subsection (b) and sections 7, 8, 9, 10, and 11 of this chapter, the department shall grant a tax credit against any state tax liability due equal to fifty percent (50%) of the amount of a qualified contribution made in a taxable year by a business firm or person if the qualified contribution is not less than one hundred dollars ($100) and not more than fifty thousand dollars ($50,000).(b) The credit provided by this chapter shall only be applied against any state tax liability owed by the taxpayer after the application of any credits that under IC 6-3.1-1-2 must be applied before the credit provided by this chapter.Amended by P.L. 124-2024,SEC. 25, eff. 7/1/2024.Amended by P.L. 50-2016, SEC. 11, eff. 3/21/2016.As added by P.L. 15-1997, SEC.2. Amended by P.L. 4-1999, SEC.4; P.L. 192-2002 (ss), SEC.112.