Indiana § 6-3.1-39.5-9 Shareholder, partner, beneficiary, or member entitled to credit

Indiana Statutes

§ 6-3.1-39.5-9 — Shareholder, partner, beneficiary, or member entitled to credit

Indiana § 6-3.1-39.5-9

Art. 3.1STATE TAX LIABILITY CREDITS

Ch. 39.5Employer Child Care Expenditure Credits

This text of Indiana § 6-3.1-39.5-9 (Shareholder, partner, beneficiary, or member entitled to credit) 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 § 6-3.1-39.5-9 (2026).

Text

If a pass through entity is entitled to a credit under this chapter but does not have state tax liability against which the tax credit may be applied, an individual who is a shareholder, partner, beneficiary, 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, beneficiary, or member is entitled. The credit provided under this section is in addition to a tax credit to which a shareholder, partner, beneficiary, or member of a pass through entity is entitled. However, a pass through entity and an individual who is a shareholder, partner, beneficiary, or member of a pass throug

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If a pass through entity is entitled to a credit
under this chapter but does not have state tax liability against which the
tax credit may be applied, an individual who is a shareholder, partner,
beneficiary, 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, beneficiary, or member is
entitled.
The credit provided under this section is in addition to a tax credit to
which a shareholder, partner, beneficiary, or member of a pass through
entity is entitled. However, a pass through entity and an individual who
is a shareholder, partner, beneficiary, or member of a pass through
entity may not claim more than one (1) credit.