Application of credit against taxes owed; order
Sec. 5. (a) A credit to which a taxpayer is entitled under this
chapter shall be applied against the taxpayer's adjusted gross income
tax liability for the taxable year.
(b) A taxpayer that is subject to the financial institutions tax may
apply the credit provided by this chapter against the taxpayer's
financial institutions tax liability for the taxable year.
As added by P.L.51-1984, SEC.1. Amended by P.L.347-1989(ss),
SEC.10; P.L.192-2002(ss), SEC.85.
Last modified: May 28, 2006