Indiana Code 6-3-1-35. “Pass through entity”

Sec. 35. As used in this article, “pass through entity” means:

(1) a corporation that is exempt from the adjusted gross income tax under IC 6-3-2-2.8(2);

adjusted gross income: shall mean the following:
(a) In the case of all individuals, "adjusted gross income" (as defined in Section 62 of the Internal Revenue Code), modified as follows:
Indiana Code 6-3-1-3.5
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.

(2) a partnership;

(3) a trust;

(4) an estate;

(5) a limited liability company; or

(6) a limited liability partnership.

As added by P.L.182-2009(ss), SEC.190. Amended by P.L.159-2021, SEC.10.