Partnership composite returns.

Summary

The bill amends Indiana tax law to require any partnership that pays or credits a nonresident partner to deduct the appropriate state tax, hold the money in trust for Indiana, and remit it to the Department of Revenue. Partnerships must file monthly or quarterly returns showing the amounts withheld and provide annual statements to the nonresident partners. The change aims to improve tax collection from out‑of‑state owners of Indiana pass‑through entities.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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