Pass through entity; shareholder, partner, or member

Ind. Code § 6-3.1-38-4.5
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Sec. 4.5. For a taxable year beginning after December 31, 2025, if a pass through entity is entitled to a credit under section 4 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.157-2026, SEC.103.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/6Fetched: 10/17/2026
Ind. Code § 6-3.1-38-4.5 — Pass through entity; shareholder, partner, or member | Indiana Code (Aug. 2026 snapshot) | Corpus