Section 1737-L. Purchasers and assignees.
(a) Time.--The purchaser or assignee under section 1736-L 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 1736-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.--
(1) A purchaser under section 1736-L may not sell or assign the purchased tax credit.
(2) An assignee under section 1736-L may not sell or assign the assigned tax credit.
(d) Notice.--The purchaser or assignee under section 1736-L shall notify the department of the seller or assignor of the tax credit in compliance with procedures specified by the department.
(1737-L added Nov. 3, 2022, P.L.1695, No.108)