Sec. 11. (a) A partnership as such shall not be subject to the adjusted gross income tax imposed by IC 6-3-1 through IC 6-3-7. Persons or corporations carrying on business as partners shall be liable for the adjusted gross income tax only in their separate or individual capacities. In determining each partner's adjusted gross income, such partner shall take into account his or its distributive share of the adjustments provided for in IC 6-3-1-3.5.
(b) The adjustments provided for in IC 6-3-1-3.5 shall be allowed for the taxable year of the partner within or with which the partnership's taxable year ends.
Formerly: Acts 1963(ss), c.32, s.411; Acts 1965, c.233, s.21. As amended by Acts 1980, P.L.54, SEC.5.
Structure Indiana Code
Chapter 4. Returns and Remittances
6-3-4-1. Who Must Make Returns
6-3-4-1.5. Returns Filed by Professional Preparers
6-3-4-2. Returns; Fiduciaries; Husband and Wife
6-3-4-4.1. Estimated Payments; Declaration of Estimated Tax; Electronic Funds Transfer
6-3-4-6. Furnishing Federal Return to Department; Notice of Modification; Amended Returns
6-3-4-8. Income Withholding; Wages; Reports; Penalties
6-3-4-8.2. Income Withholding; Gambling Winnings
6-3-4-8.5. Liability of Transferee of Property
6-3-4-9. Reports of Payment to Recipients
6-3-4-11. Partnerships Not Subject to Tax
6-3-4-12. Nonresident Partners; Withholding Rate; Returns; Credits for Tax Withheld
6-3-4-13. Corporations; Withholding From Dividends to Nonresident Shareholders
6-3-4-14. Affiliated Group of Corporations; Consolidated Returns
6-3-4-15.1. Prescribe Procedures
6-3-4-16. Procedures to Implement Crosschecks Between Certain Forms
6-3-4-16.3. Corporations; Electronic Return; Exceptions
6-3-4-16.5. Electronic Filing; Withholding