Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 8710-K. Pass-through entity

(1) The credit provided under subsection (a) is in addition to any waterfront development tax credit to which a shareholder, member or partner of a pass-through entity is otherwise entitled under this article. However, a pass-through entity and a shareholder, member or partner of a pass-through entity may not claim a credit under this article for the same waterfront development project.

(2) A shareholder, member or partner of a pass-through entity to whom credit is transferred under subsection (a) must immediately claim the credit in the taxable year in which the transfer is made.

(3) The shareholder, member or partner may not carry forward, carry back, obtain a refund of or sell or assign the credit.