Application of the Tax Credit to an Eligible Taxpayer's Tax Return

(1) The amount of the Dairy Farmer Tax Credit shall be applied to the Eligible Taxpayer's state income tax return as follows: (a) If the tax liability of the Eligible Taxpayer is greater than the Dairy Farmer Tax Credit, the taxpayer's tax liability shall be reduced by the amount of the credit. (b) If the tax liability of the Eligible Taxpayer is zero, the Dairy Farmer Tax Credit shall be refunded to the taxpayer. (c) If the tax liability of the Eligible Taxpayer is less than the Dairy Farmer Tax Credit, the tax liability shall be reduced to zero. The difference between the Dairy Farmer Tax Credit and the tax liability shall be refunded to the taxpayer.