Sec. 9. If a pass through entity is entitled to a credit under section 8 of this chapter but does not have state tax liability against which the tax credit may be applied, a shareholder, partner, member, or beneficiary of the pass through entity is entitled to a tax credit equal to:
(1) the tax credit determined for the pass through entity for the taxable year; multiplied by
(2) the percentage of the pass through entity's distributive income to which the shareholder, partner, member, or beneficiary is entitled.
As added by P.L.135-2022, SEC.19.
Structure Indiana Code
Article 3.1. State Tax Liability Credits
Chapter 36. Film and Media Production Tax Credit
6-3.1-36-2. "Qualified Applicant"
6-3.1-36-3. "Qualified Media Production"
6-3.1-36-4. "Qualified Production Expenses"
6-3.1-36-5. "State Tax Liability"
6-3.1-36-7. Application for Tax Credit; Certification of Eligibility
6-3.1-36-8. Determination of Tax Credit Amount
6-3.1-36-9. Pass Through Entity; Shareholder, Partner, or Member
6-3.1-36-10. Claiming of Credit on State Tax Return
6-3.1-36-12. Credit Subject to Annual Aggregate Credit Limit