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323 chapters · 4,465 sections in this title.
Ind. Code § 6-3-2.1-1 Applicability
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Sec. 1. This chapter applies to taxable years beginning after December 31, 2021. As added by P.L.1-2023, SEC.5.
Ind. Code § 6-3-2.1-2 Definitions
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Sec. 2. The following definitions apply throughout this chapter: (1) "Electing entity" means a pass through entity described in IC 6-3-1-35 that is subject to Subchapter K or Subchapter S of the Internal Revenue Code and makes the election under this chapter. (2) "Entity owner" m…
Ind. Code § 6-3-2.1-3 "Authorized person"; pass through entity tax election; applicability of election
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Sec. 3. (a) For purposes of this section, "authorized person" means any individual with the authority from the electing entity to bind the electing entity or sign returns on its behalf. (b) Each taxable year, an authorized person may elect, on behalf of the electing entity, to ha…
Ind. Code § 6-3-2.1-4 Tax imposed; rate; return; treatment of certain tax payments by nonelecting pass through entity
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Sec. 4. (a) A tax shall be imposed on the adjusted gross income of an electing entity for the taxable year of the election. The adjusted gross income of the electing entity shall be the aggregate of the direct owners' share of the electing entity's adjusted gross income. For purp…