{"data":{"id":"us-in/ic-6-3.1-38.1-10","jurisdiction":"us-in","citation":"IC 6-3.1-38.1-10","heading":"Amount of tax credit; pass through entities","body":"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:\n(1) the 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 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 railroad expenditure or qualified new rail infrastructure expenditure.","path":["TITLE 6. TAXATION","ARTICLE 3.1. STATE TAX LIABILITY CREDITS","Chapter 38.1. Railroad Tax Credit for Qualified Infrastructure Investment"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-3.1-38.1-10","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"4f56c696801035bd7feb8e86c26d98f4f3c084769dfd7ed2d39b2e3e75874eda","source_id":"us-in","stale":false,"prev":"us-in/ic-6-3.1-38.1-9","next":"us-in/ic-6-3.1-38.1-11"},"notice":"GroundRules: Original legal text. Not legal advice."}