Section 1714-L. Use of tax credits.
(a) Initial use.--Prior to sale or assignment of a tax credit under section 1716-L, a qualified taxpayer must first use a tax credit against the qualified tax liability incurred in the taxable year for which the tax credit was approved.
(b) Eligibility.--The tax credit may be applied against up to 20% of the qualified taxpayer's qualified tax liabilities incurred in the taxable year for which the tax credit was approved.
(c) Limit.--A qualified taxpayer that has been granted a tax credit under this subarticle shall be ineligible for any other tax credit provided under this act.
(1714-L renumbered from 1705-L and amended Nov. 3, 2022, P.L.1695, No.108)