(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.
35 ILCS 10/5-60
Pass through entity
Known as the Economic Development for a Growing Economy Tax Credit Act
The act spans §§ 35-10-5-1 to 35-10-5-90 (29 sections).
P.A. 91-476, eff. 8-11-99.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.