Ind. Code § 6-3.1-30-10

Current through P.L. 171-2024

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

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.

IC 6-3.1-30-10

As added by P.L. 193-2005, SEC.21.