Indiana Code 6-3.1-34.6-4. “Pass through entity”
Current as of: 2023 | Check for updates
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Sec. 4. As used in this chapter, “pass through entity” means:
(2) a partnership;
(1) a corporation that is exempt from the adjusted gross income tax under IC 6-3-2-2.8(2);
Terms Used In Indiana Code 6-3.1-34.6-4
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(3) a limited liability company; or
(4) a limited liability partnership.
As added by P.L.277-2013, SEC.6.