Removes penalty provisions that apply if a pass through entity fails to include in a composite return nonresident partners, nonresident shareholders, or nonresident beneficiaries that do not have distributive share income of greater than $0. 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
Senate Bill (S): 6-3-2.1-2, 6-3-4-12, 6-3-4-13, 6-3-4-15, 6-8.1-10-2.1