to succeeding taxable years for no more than 15 taxable years
following the first taxable year for which the taxpayer was
entitled to claim the credit.
(b) Application of tax credit.--A tax credit approved by the
department for a qualified toll expense in a taxable year first
shall be applied against the taxpayer's qualified tax liability
for the current taxable year as of the date on which the credit
was approved before the tax credit is applied against any tax
liability under subsection (a).
(c) Carryback or refund.--A taxpayer shall not be entitled
to carry back or obtain a refund of an unused tax credit.
Section 1705-M. Limitation on credits.
(a) Total amount.--The total amount of tax credits approved
by the department may not be limited in any fiscal year.
(b) Allocation.--Tax credits to each taxpayer under this
article may not exceed $500 annually.
Section 1706-M. Shareholder, owner or member pass-through.
(a) Application to Pennsylvania S corporations.--If a
Pennsylvania S corporation does not have an eligible tax
liability against which the tax credit may be applied, a
shareholder of the Pennsylvania S corporation shall be entitled
to a tax credit equal to the tax credit determined for the
Pennsylvania S corporation for the taxable year multiplied by
the percentage of the Pennsylvania S corporation's distributive
income to which the shareholder is entitled.
(b) Other applications.--If a pass-through entity other than
a Pennsylvania S corporation does not have an eligible tax
liability against which the tax credit may be applied, an owner
or member of the pass-through entity shall be entitled to a tax
credit equal to the tax credit determined for the pass-through
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