Indiana § 6-3.1-45-9 Pass through entity without state tax liability; tax credit for shareholder,
partner, or member

Indiana Statutes

§ 6-3.1-45-9 — Pass through entity without state tax liability; tax credit for shareholder, partner, or member

Indiana § 6-3.1-45-9

Art. 3.1STATE TAX LIABILITY CREDITS

Ch. 45Small Modular Nuclear Reactor Manufacturing

This text of Indiana § 6-3.1-45-9 (Pass through entity without state tax liability; tax credit for shareholder, partner, or member) 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 § 6-3.1-45-9 (2026).

Text

(a)If a pass through entity is entitled to a credit under section 7 of this chapter but does not have state tax liability against which the tax credit may be applied, an individual who is 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.

(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 an individual who is a shareholder, partner, or member of the pass thro

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(a) If a pass through entity is entitled to a
credit under section 7 of this chapter but does not have state tax
liability against which the tax credit may be applied, an individual who
is 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.
(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 an individual who is a shareholder, partner, or member of the
pass through entity may not claim more than one (1) credit for the same
qualified investment.