{"data":{"id":"us-in/ic-6-3.1-34.6-11","jurisdiction":"us-in","citation":"IC 6-3.1-34.6-11","heading":"Claiming credit; pass through entity","body":"Sec. 11. (a) If a pass through entity places a qualified vehicle into service but does not have state tax liability against which a tax credit may be applied, a shareholder, partner, or member of the pass through entity may claim a tax credit under this chapter equal to:\n(1) the tax credit determined for the pass through entity under this chapter 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 a shareholder, partner, or member of the pass through entity may not claim more than one (1) credit for the same qualified vehicle placed into service.","path":["TITLE 6. TAXATION","ARTICLE 3.1. STATE TAX LIABILITY CREDITS","Chapter 34.6. Tax Credit for Natural Gas Powered Vehicles"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-3.1-34.6-11","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"b5554738ffbeac2381c49d6bc5d9dc6eb1ac974162bdd8d1485db15eb65848de","source_id":"us-in","stale":false,"prev":"us-in/ic-6-3.1-34.6-10","next":"us-in/ic-6-3.1-34.6-12"},"notice":"GroundRules: Original legal text. Not legal advice."}