Sec. 5-60. Pass through entity.
83 words·~1 min read·
/il/chapter-35/act-10/5-60A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 5-60. Pass through entity.
(a)The shareholders or partners of a Taxpayer that is a Pass Through Entity shall be entitled to the Credit allowed under the Agreement.
(b)The Credit provided under subsection
(a)is in addition to any Credit to which a shareholder or partner is otherwise entitled under a separate Agreement under this Act. A Pass Through Entity and a shareholder or partner of the Pass Through Entity may not claim more than one Credit under the same Agreement.