{"data":{"id":"us-in/ic-6-3.1-4-7","jurisdiction":"us-in","citation":"IC 6-3.1-4-7","heading":"Pass through entity; shareholder, partner, or member","body":"Sec. 7. (a) If a pass through entity does not have state income tax liability against which the research expense tax credit may be applied, a shareholder, partner, or member of the pass through entity is entitled to a research expense tax credit equal to:\n(1) the research expense 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 research expense 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 a credit under this chapter for the same qualified research expenses.","path":["TITLE 6. TAXATION","ARTICLE 3.1. STATE TAX LIABILITY CREDITS","Chapter 4. Research Expense Credits"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-3.1-4-7","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"3a631496e5b2b65572fd73a61d980c3de1004a6a4f61d7b8109fe8c891c37d85","source_id":"us-in","stale":false,"prev":"us-in/ic-6-3.1-4-6","next":"us-in/ic-6-3.1-4-8"},"notice":"GroundRules: Original legal text. Not legal advice."}