Removes a penalty provision that applies if a pass through entity fails to include all nonresident partners, shareholders, or beneficiaries in a composite return. Makes conforming changes.

Statutes affected:
Introduced Senate Bill (S): 6-3-2-3.3, 6-3-2.1-2, 6-3-4-12, 6-3-4-13, 6-3-4.5-1, 6-8.1-6-1, 6-8.1-10-1, 6-8.1-10-2.1, 6-8.1-10-6