{"data":{"id":"us-in/ic-6-3.1-45-9","jurisdiction":"us-in","citation":"IC 6-3.1-45-9","heading":"Pass through entity without state tax liability; tax credit for shareholder, partner, or member","body":"Sec. 9. (a) If a pass through entity is entitled to a credit under section 7 of this chapter but does not have state tax liability against which the tax credit may be applied, an individual who is 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.\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 an individual who is a shareholder, partner, or member of the pass through entity may not claim more than one (1) credit for the same qualified investment.","path":["TITLE 6. TAXATION","ARTICLE 3.1. STATE TAX LIABILITY CREDITS","Chapter 45. Small Modular Nuclear Reactor Manufacturing Expense Tax Credit"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-3.1-45-9","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"6e96d3e64750ca5ad612aa73fce57ef9e706d041756c413d5afc3797042c2d42","source_id":"us-in","stale":false,"prev":"us-in/ic-6-3.1-45-8","next":"us-in/ic-6-3.1-45-10"},"notice":"GroundRules: Original legal text. Not legal advice."}