{"data":{"id":"us-in/ic-6-3.1-10-6.5","jurisdiction":"us-in","citation":"IC 6-3.1-10-6.5","heading":"Pass through entity; credit","body":"Sec. 6.5. (a) If a pass through entity is entitled to a credit under section 6 of this chapter but does not have state tax liability against which the tax credit may be applied, an individual who is a shareholder, partner, or member of the pass through entity is entitled to a tax credit equal to:\n(1) the tax credit determined for the pass through entity for the taxable year; multiplied by\n(2) the percentage of the pass through entity's distributive income to which the shareholder, partner, or member is entitled.\n(b) The credit provided under subsection (a) is in addition to a tax credit to which a shareholder, partner, or member of a pass through entity is otherwise entitled under this chapter. However, a pass through entity and an individual who is a shareholder, partner, or member of the pass through entity may not claim more than one (1) credit for the same investment.","path":["TITLE 6. TAXATION","ARTICLE 3.1. STATE TAX LIABILITY CREDITS","Chapter 10. Enterprise Zone Investment Cost Credit"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-3.1-10-6.5","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"e905a3c715acf3fd0ecb90a9420ca025d26ec00a7514cf79c52b2921833f6081","source_id":"us-in","stale":false,"prev":"us-in/ic-6-3.1-10-6","next":"us-in/ic-6-3.1-10-7"},"notice":"GroundRules: Original legal text. Not legal advice."}