IC 6-3.1-38-4.5 — Pass through entity; shareholder, partner, or member

Bills adding this section

• HB 12102026Signed into laweffective January 1, 2026

  Department of local government finance.

Section text

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: official publisher (2026 edition)