Sec. 11. A tax credit shall be allowable under this chapter only for the taxable year of the taxpayer in which the contribution qualifying for the credit is paid. As added by P.L.15-1997, SEC.2.
Tax credit available only in year paid
Ind. Code § 6-3.1-18-11, under Chapter 18. Individual Development Account Tax Credit.
Ind. Code § 6-3.1-18-11