The credits are allowed against the franchise tax, income tax, and the gross premiums tax. The taxpayer may divide a credit between the taxes against which it is allowed. Carry forwards of a credit may be divided between the taxes without regard to the original election regarding the division of the credit.

This summary is not meant to be exhaustive. Taxpayers should review the Article 3J statues prior to claiming credits. Taxpayers that are uncertain about their eligibility or ineligibility to claim credits after reviewing the Article 3J statues should consult with the Department of Revenue. No application is required to claim Article 3J credits.

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