Indiana Code 6-3.1-38.3-1. “Pass through entity”
Current as of: 2024 | Check for updates
|
Other versions
Sec. 1. 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 6-3.1-38.3-1
- 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 trust;
(4) an estate;
(5) a limited liability company; or
(6) a limited liability partnership.
As added by P.L.236-2023, SEC.68.