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Indiana Code — Title 6 (Taxation)

IC 6-3.1-34.6-11

Claiming credit; pass through entity

Official textiga.in.govlast amended

Sec. 11. (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.
As added by P.L.277-2013, SEC.6.

Amendment history

As added by P.L.277-2013, SEC.6.

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Nearby sections (25 sections)
  1. 6-3.1-34-22 · Repealed
  2. 6-3.1-34-23 · Credit subject to annual aggregate credit limit
  3. 6-3.1-34.6-1 · Applicability
  4. 6-3.1-34.6-2 · "Department"
  5. 6-3.1-34.6-3 · "Natural gas"
  6. 6-3.1-34.6-4 · "Pass through entity"
  7. 6-3.1-34.6-5 · "Person"
  8. 6-3.1-34.6-6 · "Qualified vehicle"
  9. 6-3.1-34.6-7 · "State tax liability"
  10. 6-3.1-34.6-8 · Credit claims; credit amounts; claims for vehicles…
  11. 6-3.1-34.6-9 · Maximum credit amount for vehicles placed into service in
  12. 6-3.1-34.6-10 · Maximum annual credit; maximum overall credit
  13. 6-3.1-34.6-11 · Claiming credit; pass through entity
  14. 6-3.1-34.6-12 · Procedure to claim credit
  15. 6-3.1-34.6-13 · Credit carryover; no carryback or refund
  16. 6-3.1-34.6-14 · Credit sale, assignment, or transfer prohibited
  17. 6-3.1-35-1 · Applicability; applications
  18. 6-3.1-35-2 · Definitions
  19. 6-3.1-35-3 · Amount of credit; computation
  20. 6-3.1-35-4 · Credit carryover
  21. 6-3.1-35-5 · Allocation of the credit by pass through entities that do…
  22. 6-3.1-35-6 · Credit assignment
  23. 6-3.1-35-7 · Requirements to be awarded a credit; maximum amount of
  24. 6-3.1-35-8 · Annual aggregate credit limit
  25. 6-3.1-35-9 · Procedures to claim a credit
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