Sec. 7. (a) This section applies if: (1) the department determines that an electing entity underreported its tax under this chapter; (2) an electing entity files an amended return reporting an underpayment of tax under this chapter; or (3) the Internal Revenue Service adjusts the adjusted gross income of an electing entity. (b) If a partnership is an electing entity, the partnership shall be subject to IC 6-3-4.5 on any assessment and reporting of changes. (c) If a corporation described in IC 6-3-2-2.8 (2) is an electing entity, the corporation and its shareholders shall be subject to the provisions of IC 6-3-4.5 in the same manner as a partnership and its partners with regard to the tax imposed under this chapter, except that any change in attributes is treated as occurring in the year to which the change relates unless required by the Internal Revenue Code. IC 6-3-2.5 Chapter 2.5. Repealed IC 6-3-3 Chapter 3. Credits 6-3-3-1 Amounts deducted and withheld 6-3-3-2 Repealed 6-3-3-3 Taxes paid to other states; liability for income tax to a foreign country 6-3-3-4 Repealed 6-3-3-4.1 Repealed 6-3-3-5 Credit; charitable contribution; postsecondary educational institutions; educational foundations 6-3-3-5.1 Repealed 6-3-3-6 Repealed 6-3-3-7 Repealed 6-3-3-8 Repealed 6-3-3-9 Unified tax credit for the elderly 6-3-3-10 Enterprise zone employers; credit; employment expenditures 6-3-3-12 Credit for contributions to college choice education savings plan; date of contribution; repayment of credit after nonqualified withdrawals; designation of contributions after December 31, 2018 6-3-3-12 Credit for contributions to Indiana529 plan; date of contribution; repayment of credit after nonqualified withdrawals 6-3-3-12.1 Credit for contributions to ABLE account; date of contribution; repayment of credit after nonqualified withdrawals 6-3-3-12.1 Credit for contributions to ABLE account; date of contribution; repayment of credit after nonqualified withdrawals 6-3-3-13 Adoption credit 6-3-3-14.5 Credit for amounts expended by teacher for classroom supplies 6-3-3-14.6 Repealed
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