Section 6-8.1-8-1.5 - Partial payment of tax(a) For a taxable period beginning after December 31, 2020, whenever a taxpayer makes a partial payment on the taxpayer's tax liability, the department shall apply the partial payment in the following order:(1) To the tax liability of the taxpayer.(2) To any penalty owed by the taxpayer.(3) To any interest owed by the taxpayer.(b) For a taxable period beginning before January 1, 2021, whenever a taxpayer makes a partial payment on the taxpayer's tax liability, the department shall apply the partial payment in the following order:(1) To any penalty owed by the taxpayer.(2) To any interest owed by the taxpayer.(3) To the tax liability of the taxpayer. In the case of a taxpayer with multiple liabilities, the department may adopt rules under IC 4-22-2 to establish the manner in which payments are applied to the taxpayer's outstanding liabilities.
Amended by P.L. 234-2019,SEC. 33, eff. 7/1/2019.As added by P.L. 26-1985, SEC.15.