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2017 Indiana Code
TITLE 6. Taxation
ARTICLE 3.1. STATE TAX LIABILITY CREDITS
CHAPTER 31. Credit for Offering Health Benefit Plans
6-3.1-31-11. Use of pass through entity credit
Universal Citation: IN Code § 6-3.1-31-11 (2017)
IC 6-3.1-31-11 Use of pass through entity credit
Sec. 11. If a pass through entity does not have state income tax liability against which the tax credit may be applied, a shareholder or partner 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 or partner is entitled.
As added by P.L.218-2007, SEC.5.
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