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Indiana Code — Title 6 (Taxation)

IC 6-3-4-11

Partnerships not subject to tax

Official textiga.in.govlast amended

Sec. 11.

# (a)

A partnership as such shall not be subject to the adjusted gross income tax imposed by IC 6-3-1 through IC 6-3-7, except to the extent the partnership is an electing entity (as defined in IC 6-3-2.1-2) or the partnership has made an election to be taxed at the partnership level under IC 6-3-4.5. Persons or corporations carrying on business as partners shall be liable for the adjusted gross income tax only in their separate or individual capacities. In determining each partner's adjusted gross income, such partner shall take into account his or its distributive share of the adjustments provided for in IC 6-3-1-3.5.

# (b)

The adjustments provided for in IC 6-3-1-3.5 shall be allowed for the taxable year of the partner within or with which the partnership's taxable year ends.
Formerly: Acts 1963(ss), c.32, s.411; Acts 1965, c.233, s.21. As amended by Acts 1980, P.L.54, SEC.5; P.L.1-2023, SEC.7.

Amendment history

Formerly: Acts 1963(ss), c.32, s.411; Acts 1965, c.233, s.21. As amended by Acts 1980, P.L.54, SEC.5; P.L.1-2023, SEC.7.

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Nearby sections (25 sections)
  1. 6-3-4-4 · Repealed
  2. 6-3-4-4.1 · Estimated payments; declaration of estimated tax; electronic
  3. 6-3-4-4.2 · Estimated payments by corporate taxpayers; report and
  4. 6-3-4-5 · Payment of tax
  5. 6-3-4-6 · Furnishing federal return to department; notice of
  6. 6-3-4-7 · Repealed
  7. 6-3-4-8 · Income withholding; wages; reports; penalties
  8. 6-3-4-8.1 · Monthly return and remittance; periodic deposit and
  9. 6-3-4-8.2 · Income withholding; gambling winnings
  10. 6-3-4-8.5 · Liability of transferee of property
  11. 6-3-4-9 · Reports of payment to recipients
  12. 6-3-4-10 · Partnership returns
  13. 6-3-4-11 · Partnerships not subject to tax
  14. 6-3-4-12 · Nonresident partners; withholding rate; returns; credits for
  15. 6-3-4-13 · Corporations; withholding from dividends to nonresident
  16. 6-3-4-13.5 · Income withholding; first payment of prize money; racing
  17. 6-3-4-14 · Affiliated group of corporations; consolidated returns
  18. 6-3-4-15 · Trusts or estates; distribution of income to nonresident
  19. 6-3-4-15.1 · Prescribe procedures
  20. 6-3-4-15.7 · Annuity, pension, retirement, or other deferred…
  21. 6-3-4-16 · Procedures to implement crosschecks between certain forms
  22. 6-3-4-16.3 · Corporations; electronic return; exceptions
  23. 6-3-4-16.5 · Electronic filing; withholding
  24. 6-3-4-16.7 · Reports in electronic format
  25. 6-3-4-17 · Quarterly reports concerning local income taxes
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