Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 8803-E. Pass-through entity

(a) Transfer.--If a pass-through entity has any unused tax credit under this section, the entity may elect, in writing, according to the department's procedures, to transfer all or a portion of the credit to shareholders, members or partners in proportion to the share of the entity's distributive income to which the shareholder, member or partner is entitled.

(b) Additional tax credit.--The tax credit provided under subsection (a) shall be in addition to any tax credit to which a shareholder, member or partner of a pass-through entity is otherwise entitled under this article, except that a pass-through entity and a shareholder, member or partner of a pass-through entity may not claim a tax credit under this article for the same qualified broadband equipment.

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