1. (a) If a pass through entity does not have state income tax liability against which the tax credit provided by this chapter may be applied, a shareholder, partner, or member of the pass through entity is entitled to a tax credit equal to:

   1. (1) the tax credit determined for the pass through entity for the taxable year; multiplied by
   2. (2) the percentage of the pass through entity's distributive income to which the shareholder, partner, or member is entitled.
2. (b) The credit provided under subsection (a) is in addition to a tax credit to which a shareholder, partner, or member of a pass through entity is otherwise entitled under this chapter.

As added by P.L.166-2014, SEC.13.