{"data":{"id":"us-in/ic-6-3.1-39.5-9","jurisdiction":"us-in","citation":"IC 6-3.1-39.5-9","heading":"Shareholder, partner, beneficiary, or member entitled to credit","body":"Sec. 9. If a pass through entity is entitled to a credit under this chapter but does not have state tax liability against which the tax credit may be applied, an individual who is a shareholder, partner, beneficiary, 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, beneficiary, or member is entitled.\nThe credit provided under this section is in addition to a tax credit to which a shareholder, partner, beneficiary, or member of a pass through entity is entitled. However, a pass through entity and an individual who is a shareholder, partner, beneficiary, or member of a pass through entity may not claim more than one (1) credit.","path":["TITLE 6. TAXATION","ARTICLE 3.1. STATE TAX LIABILITY CREDITS","Chapter 39.5. Employer Child Care Expenditure Credits"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-3.1-39.5-9","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"e85639d28489891c64e0b508000b3bff6a6a790606cd172858c7bf8de484a6a6","source_id":"us-in","stale":false,"prev":"us-in/ic-6-3.1-39.5-8","next":"us-in/ic-6-3.1-39.5-10"},"notice":"GroundRules: Original legal text. Not legal advice."}