Section 8908-G - Purchasers and assignees.The purchaser or assignee of all or a portion of the tax credit under section 1906-G shall immediately claim the tax credit in the taxable year in which the purchase or assignment is made, subject to the following:
(1) If a purchaser or assignee of all or a portion of the tax credit obtained under section 1906-G cannot use the entire amount of the tax credit for the taxable year in which the tax credit was purchased or assigned, the excess may be carried over to succeeding taxable years and used as a credit against the qualified tax liability of the purchaser or assignee for those taxable years.(2) Each time a tax credit is carried over to a succeeding taxable year, the tax credit shall be reduced by the amount that was used as a credit during the immediately preceding taxable year.(3) The tax credit may be carried over and applied to succeeding taxable years for the remainder of the carryforward period from the original tax credit certificate.(4) The purchaser or assignee may not carry back the credit or obtain a refund. Added by P.L. TBD 2020 No. 107, § 3, eff. 11/3/2020.