As used in this chapter, "state tax liability" means a taxpayer's total tax liability incurred under:

1. (1) IC 6-3-1 through IC 6-3-7 (the adjusted gross income tax);
2. (2) IC 6-5.5 (the financial institutions tax); and

3. (3) IC 27-1-18-2 (the insurance premiums tax);

   as computed after the application of the credits that under IC 6-3.1-1-2 are to be applied before the credit provided by this chapter.

As added by P.L.43-1992, SEC.11. Amended by P.L.70-1993, SEC.7; P.L.192-2002(ss), SEC.107.