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§ 8711-J. Purchasers and assignees

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: July 13, 2016

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 72 P.S. Taxation and Fiscal Affairs
Chapter 5. Tax Reform Code of 1971 (Refs & Annos)
Article XVII-J. Coal Refuse Energy and Reclamation Tax Credit (Refs & Annos)
Effective: July 13, 2016
72 P.S. § 8711-J
§ 8711-J. Purchasers and assignees
Currentness
(a) Claim.--The purchaser or assignee of all or a portion of a tax credit under section 1710-J1 shall immediately claim the credit in the taxable year in which the purchase or assignment is made.
(b) Amount.--The amount of the tax credit that a purchaser or assignee may use against any one qualified tax liability may not exceed 75% of such qualified tax liability for the taxable year.
(c) Use.--The purchaser or assignee may not carry forward, carry back or obtain a refund of or sell or assign the tax credit.

Credits

1971, March 4, P.L. 6, No. 2, art. XVII-J, § 1711-J, added 2016, July 13, P.L. 526, No. 84, § 33, imd. effective.

Footnotes

1
72 P.S. § 8710-J.
72 P.S. § 8711-J, PA ST 72 P.S. § 8711-J
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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