Indiana Code — Title 6 (Taxation)
IC 6-3.1-40.9-10
Shareholder, partner, or member entitled to credit
Official textiga.in.govlast amended
Sec. 10. 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, 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.
As added by P.L.201-2023, SEC.104.
Amendment history
As added by P.L.201-2023, SEC.104.
Source: view the official text
Nearby sections (25 sections)
- 6-3.1-40-10 · Assessments
- 6-3.1-40-11 · Maximum amount of credits allowed; exception
- 6-3.1-40-12 · Department website; information required to be provided to
- 6-3.1-40.9-1 · "Affordable housing organization"
- 6-3.1-40.9-2 · "Corporation"
- 6-3.1-40.9-3 · "Credit"
- 6-3.1-40.9-4 · "Pass through entity"
- 6-3.1-40.9-5 · "State tax liability"
- 6-3.1-40.9-6 · "Taxpayer"
- 6-3.1-40.9-7 · Entitlement to credit
- 6-3.1-40.9-8 · Amount of credit
- 6-3.1-40.9-9 · Carry forward of credit
- 6-3.1-40.9-10 · Shareholder, partner, or member entitled to credit
- 6-3.1-40.9-11 · Application for approval as an affordable housing…
- 6-3.1-40.9-12 · Claiming the credit
- 6-3.1-40.9-13 · Maximum amount of credits
- 6-3.1-40.9-14 · Information concerning the credit on the department…
- 6-3.1-40.9-15 · Adoption of rules
- 6-3.1-40.9-16 · Expiration
- 6-3.1-45-1 · Applicability
- 6-3.1-45-2 · "Department"
- 6-3.1-45-3 · "Qualified investment"
- 6-3.1-45-4 · "Small modular nuclear reactor"
- 6-3.1-45-5 · "State tax liability"
- 6-3.1-45-6 · "Taxpayer"