Indiana Code 6-3.1-30-3. “Pass through entity”
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Sec. 3. 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 6-3.1-30-3
- 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.193-2005, SEC.21.