Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 8757-L. Purchasers and assignees

(a) Time.--The purchaser or assignee under section 1756-L   1 must claim the tax credit in the calendar year in which the purchase or assignment is made.

(b) Amount.--The amount of the tax credit that a purchaser or assignee under section 1756-L may use against any one qualified tax liability may not exceed 50% of any of the qualified tax liabilities of the purchaser or assignee for the taxable year.

(c) Resale and assignment.--

(d) Notice.--The purchaser or assignee under section 1756-L shall notify the department of the seller or assignor of the tax credit in compliance with procedures specified by the department.