Section 1710-J. Sale or assignment.
(a) Authorization.--Upon approval by the Department of Revenue, a qualified taxpayer may sell or assign, in whole or in part, a tax credit granted to the taxpayer under this article.
(b) Application.--The following shall apply:
(1) To sell or assign a tax credit, a qualified taxpayer must file an application for the sale or assignment of the tax credit with the Department of Revenue. The application must be on a form required by the Department of Revenue.
(2) The Department of Revenue shall approve a sale or assignment if the purchaser or assignee has:
(i) filed all required State tax reports and returns for all applicable taxable years; and
(ii) paid any balance of State tax due as determined by assessment or determination by the Department of Revenue and not under timely appeal.
(1710-J added July 13, 2016, P.L.526, No.84)