- (a) In the case of a proprietorship or partnership engaged in the business of waste reduction, reuse, or recycling of solid waste, the amount of the credit determined under this part for any tax year shall be apportioned to each proprietor or partner in proportion to the amount of income from the entity which the proprietor or partner is required to include as gross income.
- (b) In the case of a Subchapter S corporation, the amount of the credit determined under this part for any taxable year shall be apportioned among the persons who are shareholders of the corporation on the last day of the taxable year based on each person’s percentage of ownership.
(c) In the case of an estate or trust:
- (1) The amount of the credit determined under this part for any taxable year shall be apportioned between the estate or trust and the beneficiaries on the basis of income of the estate or trust allocable to each; and
- (2) Any beneficiary to whom any amount has been apportioned under this section shall be allowed, subject to limitations contained in this part, a credit under this section for the amount.