Strikes a provision in the pass through entity tax relating to the pass through or assignment of other tax credits to an electing entity. Specifies that an electing entity or pass through entity shall be permitted to claim a credit for taxes withheld or paid on the entity's behalf. Adds provisions allowing an electing entity to make elections to claim certain state tax liability credits and sets forth requirements that apply to those elections.

Statutes affected:
Introduced Senate Bill (S): 6-3-2.1-4, 6-3-2.1-5
Senate Bill (S): 6-3-2.1-4, 6-3-2.1-5