™Your Policy Risk Impact Agent
323 chapters · 4,465 sections in this title.
Ind. Code § 6-3.1-38.1-1 "Pass through entity"
0.3K chars
Sec. 1. As used in this chapter, "pass through entity" means: (1) a corporation that is exempt from the adjusted gross income tax under IC 6-3-2-2.8(2); (2) a partnership; (3) a limited liability company; or (4) a limited liability partnership. As added by P.L.173-2025, SEC.2.…
Ind. Code § 6-3.1-38.1-10 Amount of tax credit; pass through entities
0.9K chars
Sec. 10. (a) If a pass through entity is entitled to a credit under section 9 of this chapter but does not have state tax liability against which the credit may be applied, a shareholder, partner, or member of the pass through entity is entitled to a credit equal to: (1) the cred…
Ind. Code § 6-3.1-38.1-11 Claiming tax credit
0.4K chars
Sec. 11. To obtain a credit under this chapter, a taxpayer must claim the credit on the taxpayer's annual state tax return or returns in the manner prescribed by the department. The taxpayer shall submit to the department all information that the department determines is necessar…
Ind. Code § 6-3.1-38.1-12 Carry over of excess tax credit
0.8K chars
Sec. 12. (a) If the credit provided by this chapter exceeds a taxpayer's state tax liability for the taxable year for which the credit is first claimed, the excess may be carried over to succeeding taxable years and used as a credit against the tax otherwise due and payable by th…