Indiana § 6-3.1-30-10 Pass through entity; shareholder, partner, or member

Indiana Statutes

§ 6-3.1-30-10 — Pass through entity; shareholder, partner, or member

Indiana·Art. 3.1 STATE TAX LIABILITY CREDITS·Ch. 30 Headquarters Relocation Tax Credit

If a pass through entity is entitled to a credit under section 8 of this chapter but does not have state tax liability against which the tax credit may be applied, a shareholder, partner, or member of the pass through entity is entitled to a tax credit equal to:

(1)the tax credit determined for the pass through entity for the taxable year; multiplied by

(2)the percentage of the pass through entity's distributive income to which the shareholder, partner, or member is entitled.

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If a pass through entity is entitled to a credit
under section 8 of this chapter but does not have state tax liability
against which the tax credit may be applied, a shareholder, partner, or
member of the pass through entity is entitled to a tax credit equal to:
(1) the tax credit determined for the pass through entity for the
taxable year; multiplied by
(2) the percentage of the pass through entity's distributive income
to which the shareholder, partner, or member is entitled.

Indiana § 6-3.1-30-10 (Pass through entity; shareholder, partner, or member) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.