Indiana § 6-3.1-34.6-11 Claiming credit; pass through entity

Indiana Statutes

§ 6-3.1-34.6-11 — Claiming credit; pass through entity

Indiana § 6-3.1-34.6-11

Art. 3.1STATE TAX LIABILITY CREDITS

Ch. 34.6Tax Credit for Natural Gas Powered Vehicles

This text of Indiana § 6-3.1-34.6-11 (Claiming credit; pass through entity) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 6-3.1-34.6-11 (2026).

Text

(a)If a pass through entity places a qualified vehicle into service but does not have state tax liability against which a tax credit may be applied, a shareholder, partner, or member of the pass through entity may claim a tax credit under this chapter equal to:

(1)the tax credit determined for the pass through entity under this chapter 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.

(b)The credit provided under subsection (a) is in addition to a tax credit to which a shareholder, partner, or member of a pass through entity is otherwise entitled under this chapter. However, a pass through entity and a shareholder, partner, or member of the pass through entity may not claim mo

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(a) If a pass through entity places a
qualified vehicle into service but does not have state tax liability
against which a tax credit may be applied, a shareholder, partner, or
member of the pass through entity may claim a tax credit under this
chapter equal to:
(1) the tax credit determined for the pass through entity under this
chapter 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.
(b) The credit provided under subsection (a) is in addition to a tax
credit to which a shareholder, partner, or member of a pass through
entity is otherwise entitled under this chapter. However, a pass through
entity and a shareholder, partner, or member of the pass through entity
may not claim more than one (1) credit for the same qualified vehicle
placed into service.