{"data":{"id":"us-in/ic-6-3.1-38-4.5","jurisdiction":"us-in","citation":"IC 6-3.1-38-4.5","heading":"Pass through entity; shareholder, partner, or member","body":"Sec. 4.5. For a taxable year beginning after December 31, 2025, if a pass through entity is entitled to a credit under section 4 of this chapter but does not have state tax liability against which the tax credit may be applied, 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.","path":["TITLE 6. TAXATION","ARTICLE 3.1. STATE TAX LIABILITY CREDITS","Chapter 38. Health Reimbursement Arrangement Credit"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-3.1-38-4.5","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"aebda066a7f3e07aa40330e1c180e1cac714324be4b27d2e2a02dca57406ff39","source_id":"us-in","stale":false,"prev":"us-in/ic-6-3.1-38-4","next":"us-in/ic-6-3.1-38-5"},"notice":"GroundRules: Original legal text. Not legal advice."}